You hear a lot of horror stories about physical defects in newly constructed condos, but not so much about boards taking over from sponsors and then discovering irregularities.
HABITAT
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returned by “Sponsors”
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ArticleTopicsColumn TypeIssue
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Sponsor Self-Dealing
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Sponsor Obligations
Corporate documents will spell out if a sponsor can hold on to rental units or is required to sell them to independent purchasers.
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Sponsors Can Leave Knotty Problems When They Give Up Control
It’s up to new owners to read the fine print.
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When the Sponsor Won’t Go …
Give him the boot.
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Battling the Sponsor
Lynn Van Den Hende talks about the struggles of dealing with an uncooperative sponsor.
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Sponsors: When They Stay and When They Go
The fallout when the developer won’t fade away.
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The Power of the PW1
Sponsors cannot do whatever they want when it comes to alterations.
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Ignorance Isn’t Bliss
A meritless claim could end up costing your building.
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Remove the Litigation Cloud
Why would a board want a sponsor to fix the defects he left in the first place?
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The Wake-Up Call
A Bronx co-op – confronting extinction – finds a road back.
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