The Condo Crisis:
are one of the fastest growing building types in America—with
a higher than normal risk for architects. Insurers report
a disproportionate number of claims against architects related
to multi-family housing, especially condos, leading to higher
rates, higher deductibles and caps on the amount of condo work
by an insured firm. Construction defect litigation related to condo
projects is on the rise, particularly in certain states—leading
to special legislation in at least 27 states to date.
With increasing demand for urban housing, the AIA Trust believes that
architects who engage in condominium projects should take special measures
to protect themselves. By following the links on the right, AIA Members
may access tools to help you and your clients evaluate and reduce the
risks associated with condo projects.
This information is provided as a member service and neither the Author
nor the AIA Trust are rendering legal advice. Laws vary by state and
members should seek competent legal counsel to evaluate these suggestions
and to advise the member on proper risk management tools for each project.