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Principal Of A Sponsor May Be Held Separately Liable Where It Executes The Certification

New York Law Journal March 18th, 2015 By Scott E. Mollen Condominiums—Alleged Construction Defects -Since Sponsor Made Repeated Repairs, There Was A Triable Issue of Fact As to Whether and to What Extent Sponsor Waived the Offering Plan’s Written Notice Requirement A CONDOMINIUM Board of Managers (board) commenced an action against a sponsor-developer (sponsor) of  Full Article…


A Lender’s Duty To Investigate Its Borrower

By: Adam Leitman Bailey & John M. Desiderio Adam Leitman Bailey is the founding partner of Adam Leitman Bailey, P.C., in New York, New York. John M. Desiderio is a partner in the New York, New York, office of Adam Leitman Bailey, P.C. ……………….. Until recently, a mortgage lender preparing to give a loan needed  Full Article…


Fair-Market Tenants and Condominium Conversions

A recent newspaper article reports that between 2009 and 2012, a total of 117 rental buildings in Manhattan and Brooklyn were converted to cooperative or condominium ownership.1 Many of the units contained therein were deregulated. This article explores what rights tenants of these units have vis-à-vis rent-regulated tenants when a building is being converted, if and  Full Article…