Nixon Peabody LLP

Trending Topics

    Practices

    View All

    Industries

    View All

    Value-Added Services

    View All

    Article

    Enforceability of Shortened Period for Suing Condo Sponsor

    June 5, 2019

    By Erica Buckley

    Reprinted with permission from the June 5, 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 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?

    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.

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