When Developers Abandon Unsold Units

I’m sure some of you have experienced it before. For whatever reason, sometimes developers have units that they have not sold. Typically, it is the parking units or storage lockers. Other times the developer fails to transfer telecommunications, mechanical, or service units, and has disappeared since the condominium was created. The abandoned and unsold units can be a source of frustration for the new board. Common questions include: Who is liable for injuries or damages because of the abandoned units? Who pays the monthly fees? Who repairs and maintains them?   Read the article……………


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