Mitigating Liability in Condominium Project Development: Unique Claims, Key Provisions to Protect Stakeholders

This CLE course will provide a comprehensive overview of the types of claims unique to condominium project development and how different stakeholders may be impacted—whether the developer, design professional, contractor, managing association, or eventual homeowner. The panel will offer guidance on creating project documents and disclosures that will minimize litigation risk for all parties involved.

Condominium project development disputes can create significant challenges for all parties involved—whether the developer, design professional, contractor, managing association, or unit purchaser. Therefore, counsel should understand the main types of claims common to these projects so that the risks can be managed by careful planning and contractual drafting to protect their clients' interests.

Unique issues arise among the stakeholders in a condo project where the ownership structure changes from developers initially owning the units to transferring ownership to parties who purchase the units long after the project documents have been negotiated between the initial stakeholders, creating additional risks since claims are usually brought by the subsequent owners and/or management associations. Common claims include construction defects, contract disputes, professional malpractice and negligence, and implied warranties. 

Listen as our expert panel discusses the liabilities associated with condominium project development and how to mitigate risk via careful contractual drafting. The panel will discuss best practices for all stakeholders in condominium development to address these risks.