Knauf Plasterboard Tianjin, one of the manufacturers responsible for producing defective Chinese drywall, has agreed to repair up to 300 homes in several different states as part of a remediation “pilot program.” If all goes well, this could be just the beginning.
Homeowners whose homes meet the criteria agreed upon will have the insides of their homes gutted, their families will be relocated, and attorney’s fees shall be paid for by Knauf Tianjin and several other companies who settled on the negotiation.
The homes will be repaired according to the protocol developed by the U.S. District Court under Judge Eldon E. Fallon. Essentially, all of the drywall, wiring, air conditioning system components, and other components will be removed and replaced.
- Must contain “substantially all”, defined as 95% or more, of Knauf Plasterboard Tianjin (KPT)
- Must be located in Florida, Louisiana, Alabama, or Mississippi
- And must NOT contain any other type of contaminated Chinese drywall
Some Attorney’s are hesitant to take the agreement because homeowners in South Florida, specifically Miami-Dade County, may have difficulty meeting the 95%+ KPT drywall eligibility requirements due to the way drywall was distributed.
According to the Herald Tribune, the federal court has determined the remediation cost to be more than $80 per square foot for an average-size home. They hope to get a better idea of this cost once the remediation protocol has been implemented.
This settlement gives hope to many homeowners who thought their lawsuits would take years before they received any type of help. Knauf Plasterboard Tianjin is the only defective Chinese drywall manufacturer who has responded to U.S. court proceedings, reports the MiamiHerald.
- View the actual “Settlement Agreement for the Demonstration Remediation of Homes with Knauf Plasterboad Tianjin Drywall“
- HUD and CPSC Issue Guidance on Repairing Homes With Problem Drywall
- Free 5 Step Guide to Determining if your home contains defective Chinese drywall