Corporate documents will spell out if a sponsor can hold on to rental units or is required to sell them to independent purchasers.
HABITAT
Showing articles 1 to 10 of 17 results
returned by “Safe Governance”
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ArticleTopicsColumn TypeIssue
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Sponsor Obligations
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Bad-Faith Actions
Boards must be immaculately objective when deciding whether or not to accept a prospective apartment purchaser or subtenant.
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Statute of Limitations
Boards are under a countdown to get condo sponsors to correct defects.
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Lessor Liability
Alteration agreements cannot exempt negligent boards from liability.
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Remedies to Collect Common Charges
Stephen Lasser on RPL Sec. 339-AA
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Condo Borrowing
Adam Finkelstein on RPL Sec. 339-JJ
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Tax Deduction And Depreciation
Andrew Brucker on IRC Sec. 216
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Sale of Securities
General Business Law, Section 352
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Cumulative Voting
Business Corporation Law, Section 618
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Discrimination and Damages
Broome vs. Biondi
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