Waivers of implied warranty strengthened for condo, home builders in Illinois

In two recent builder-friendly decisions, the First District and Supreme Court of Illinois have ruled that the standard conspicuous waiver of the implied warranty of habitability found in most builders’ sales agreements: 1) is effective even where not verbally “called-out” to or initialed by the buyer; and 2) binds both the buyer of a new home and all subsequent purchasers of the home.     Read the article…………..


Related Articles

FL: Just released 3rd DCA opinion could harm your already struggling association

A case decided today could mean financial hardship for already struggling Florida associations. The Third District Court of Appeal’s ruling

Federal Legislative Update for Associations: Amateur Radio Parity Act, FHA Certification and FEMA

I had the pleasure of attending the Community Association Institute (CAI) Advocacy Summit in Washington, D.C. earlier this week and

HOA managers brace for changes in disclosure laws (CO)

The Integrated Disclosure Rule for TILA-RESPA (Truth in Lending Act- Real Estate Settlement Procedures Act of 1974) goes into effect