IL Book Legal 02

Transitions

What is a transition? Transition is the event where control of the association transfers from the developer to the association. When transition occurs is set by law – three years after the recording of the original CCRs, when 75% of the units have been sold or when the developer willingly hands control over to the …

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Construction Defects

What is a construction defect? A construction defect occurs when something built by the developer was not built to the industry standard, such as walls that are missing vapor barriers. When is a defect the concern of individual unit owners as opposed to the association as a whole? Owners generally only have claims on damages …

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