Condo Developers Must Understand Building Defect Claims
Law360 (March 21, 2018, 3:56 PM EDT) -- All real estate developers should stay cognizant of their duties concerning alleged building defects, but condominium developers especially should understand building defect claims and their legal limitations. While buyers of newly constructed residential property, whether a single-family home or a condominium unit, have always had a variety of avenues to litigate alleged building defects, the nature of condominium ownership and the larger scale of condominium development projects make alleged building defects in newly completed condominium projects an attractive litigation opportunity.
This article summarizes the different condominium defect claims and the legal considerations that should shape a condominium developer’s responses to them....
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