In the past few years, the demand for rental units has increased due to a number of factors including rising home prices, declining homeownership among seniors, increased single-person households, and tougher mortgage lending standards. Accordingly, a new phenomenon has emerged where all the units in a condominium building are sold to a third party who … Read More ›
In a record-breaking month, Kovitz Shifrin Nesbit attorneys overcame significant obstacles to close on the sale of 900 condominium units in less than two weeks in December 2018. This included the sale of Flats on LaSalle Condominium Association, Surfside Condominium Association, and 449-units in the River City Condominium Association.
The sale of all 900 condominium units … Read More ›
When disaster strikes your Association, are you prepared? Here are four steps to take when faced with damage to your Association’s property.
1. Get the Full Story
Define the cause and scope of the damage. Secure the area around the damage and identify the appropriate parties to evaluate the damage, such as plumbers, roofers, or general contractors. … Read More ›
While being named as a defendant in a lawsuit is never ideal, community associations have a number of defense tactics available to prepare for the possibility of litigation. These defense measures may enable an association to avoid costly litigation and defer additional liability when faced with an … Read More ›