Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Co-ops and Condominiums

By New York Real Estate Law Reporter Staff
July 01, 2024
|

Sale of Unit Did Not Extinguish Liability for Common Charges

Board of Managers of the Club at Turtle Bay v. McGown 2024 WL 1559000 AppDiv, First Dept. (memorandum opinion)

In a condominium's action for unpaid common charges, former owner appealed from Supreme Court's judgment awarding the condominium $101,381.29. The Appellate Division affirmed, holding that sale of the unit did not extinguish former owner's liability.

The condominium's bylaws provide that an owner's liability of common charges continues until the unit has been transferred in accordance with the condominium's bylaws. The bylaws require notice to the condominium board and an offer to allow the condominium to exercise a right of first refusal. Former owner and guarantor transferred the unit, but did not comply with the notice requirement. After the sale, unpaid common charges began to accrue. The condominium brought this action against former unit owner and guarantor seeking unpaid common charges and Supreme Court awarded judgment to the condominium

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
How Secure Is the AI System Your Law Firm Is Using? Image

In a profession where confidentiality is paramount, failing to address AI security concerns could have disastrous consequences. It is vital that law firms and those in related industries ask the right questions about AI security to protect their clients and their reputation.

The Power of Your Inner Circle: Turning Friends and Social Contacts Into Business Allies Image

Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.

Pleading Importation: ITC Decisions Highlight Need for Adequate Evidentiary Support Image

The International Trade Commission is empowered to block the importation into the United States of products that infringe U.S. intellectual property rights, In the past, the ITC generally instituted investigations without questioning the importation allegations in the complaint, however in several recent cases, the ITC declined to institute an investigation as to certain proposed respondents due to inadequate pleading of importation.

Compliance and Third-Party Risk Management Image

To gauge the level of risk and uncover potential gaps, compliance and privacy leaders should collaborate to consider how often they are monitoring third parties, what intelligence they are gathering with and about their partners and vendors, and whether their risk management practices have been diminished due to cost and resource constraints.

Authentic Communications Today Increase Success for Value-Driven Clients Image

As the relationship between in-house and outside counsel continues to evolve, lawyers must continue to foster a client-first mindset, offer business-focused solutions, and embrace technology that helps deliver work faster and more efficiently.