How Condo Law Change Will Impact New Development (MN)

Newsflash Minnesotans: our state laws governing condominiums and townhomes changed at the conclusion of the 2017 legislative session. For a business litigator who emphasizes a significant portion of her practice representing real estate developers in complex business disputes, I’ve been particularly interested in the evolution of these changes. Why? Because condominium development has stalled in recent years, and the prevailing belief amongst experts in the field (including my clients) is that the dearth in condominium development has little to do with our economy (indeed, there is no shortage of demand for condos), but rather the influx of construction defect litigation in recent years. Those who know of this cottage industry of litigation know what I am talking about—litigation commenced by homeowners’ associations, often with minor or meritless construction defect complaints, where the attorney’s fees and other costs are excessive, making the condominium development project not worth the risk.    Read the article………..

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