New Condo Boards Need to Address Building Flaws Quickly

One of the most common challenges for fledgling condo boards in newly constructed buildings is dealing with the structure’s physical flaws, from cracks in the foundation to leaky windows and roofs, and worse. When seeking relief from the sponsor, time is of the essence because courts have held that the statute of limitations for a breach-of-contract claim in construction-defect cases expires six years after the sale of the first unit. With developers typically retaining control of new buildings for five years after the initial closing, the window of opportunity is limited – and destined to slam shut.    Read the article………………..