Nixon Peabody LLP

Trending Topics

    Practices

    View All

    Industries

    View All

    Value-Added Services

    View All

    Article

    ‘Grossing Up’ and ‘Seller Concessions’: Advice for Sponsors

    March 4, 2019

    By Erica Buckley

    Reprinted with permission from the March 4, 2019, edition of the New York Law Journal © 2019 ALM Media Properties, LLC. All rights reserved. Further duplication without permission is prohibited.

    Question: I am a sponsor of a new construction condominium in New York City. I have received mixed messages on whether “seller concessions” and “grossing up” are permissible. Can you explain what is legal under the Martin Act?

    Insights And Happenings

    The foregoing has been prepared for the general information of clients and friends of the firm. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. If you have any questions or require any further information regarding these or other related matters, please contact your regular Nixon Peabody LLP representative. This material may be considered advertising under certain rules of professional conduct.

    Stay informed of the latest legal news, alerts, and business trends.Subscribe