Article

Enforceability of Shortened Period for Suing Condo Sponsor

June 5, 2019

Question: I am a condominium sponsor, and I have seen provisions in new construction offering plans where a sponsor has shortened the statute of limitations for unit owners and the condominium board to sue sponsor. Is this enforceable, and how common is this practice?

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Enforceability of Shortened Period for Suing Condo Sponsor

Insights And Happenings

Updates to statute of limitations for real estate securities claims

New York Legislature extends the Cooperative and Condominium Tax Abatement, but with a hook

New local laws add to changing landscape for New York City landlords