Make money with property and real estate investment, 3d rendering. Credit: nespix/Adobe Stock The Legal Landscape for Condominium Sponsor Defects Cases: Acting Before Time Runs Out
This article discusses coops and condominiums. "In New York, condominium sponsor defect cases provide essential protections for unit owners and boards of managers facing construction flaws attributable to the sponsor. Sponsors are responsible for overseeing the assembly, construction, and sale of condominium units, as well as issuing the offering plan that contains representations concerning the building's construction and design."
November 08, 2024 at 11:49 AM
8 minute read
In New York, condominium sponsor defect cases provide essential protections for unit owners and boards of managers facing construction flaws attributable to the sponsor. Sponsors are responsible for overseeing the assembly, construction, and sale of condominium units, as well as issuing the offering plan that contains representations concerning the building's construction and design.
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