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    4. Enforceability of Shortened Period for Suing Condo SponsorArticles

    Article

    Enforceability of Shortened Period for Suing Condo Sponsor

    June 5, 2019

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    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?

    Locations

    New York City

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    Real EstateCooperatives & Condominiums

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    Real Estate

    Insights And Happenings

    • Alert

      Updates to statute of limitations for real estate securities claims

      Sep 25, 2019
    • Alert

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

      July 1, 2019
    • Alert

      New York Legislature passes Program Bill on behalf of Attorney General James to implement six-year statute of limitations for Martin Act and Executive Law fraud claims

      June 24, 2019

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