Condominium Document Defects That Can Cost You

Real Estate News

May 2004
Condominium Document Defects That Can Cost You: Enhance Your Bottom Line by Considering the Big Picture (Mark F. Makower) Far too often, developers and their attorneys view the preparation of condominium documents as a form completion procedure. This approach is not effective. Documents should be tailored to the project at hand. Remember that each amendment to correct an oversight in the original condominium documents is a charge against the bottom line. These charges can be avoided with careful planning.