Due Diligence Can’t Predict All Problems in Co-op and Condo Buildings (NY)

The deadly collapse of the Champlain Towers South condominium in Florida earlier this summer sent shivers all the way to New York City. It rattled co-op and condo boards, potential apartment buyers and the people responsible for ensuring the physical integrity of buildings. It also generated questions. Here’s a big one: How can a prospective buyer of a co-op or condo apartment find out what repairs the building might need in the next for or five years?    Read the entire article……………………………….

Editor

Recent Posts

Lawmakers tinker with legal thicket concerning HOA’s (CO)

More and more people these days are living in common-interest ownership communities. These are residential…

4 hours ago

Philippines: House unanimously approves proposed Condominium Redevelopment Act

The measure providing for the redevelopment of condominiums in the country has been unanimously approved…

1 day ago

Shining a Light on Rooftop Solar for Massachusetts Condo Owners

After the Trustees of his condominium refused his request for an Architectural Variance to install…

1 day ago

Iowans struggle to find homeowners insurance as companies pullout of the state

David Langston is the President of Beaver Creek Homeowners Association and one of his many…

1 day ago

Real Estate Counselor: Horrific fall due to rotted balcony leads to condo litigation (FL)

A March ruling by Florida’s First District Court of Appeal and the 2016 incident behind…

1 day ago

Southampton man convicted of fraud, money laundering (NY)

Officials said that Slothower devised a scheme to misappropriate more than $1 million from clients…

1 day ago