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Condo Boards: Know Your Responsibilities to Avoid Liability (NY)

/ Owner - April 1, 2024

Condominiums have a contractual duty to maintain common elements. While the business judgment rule normally protects condo board members from personal liability if their choices seem unwise, it won’t shield the condo if the board breaches its contractual obligations to owners. Boards who neglect these responsibilities could open the condominium up to significant liability.   Read the article…………………………….

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