Legal Alert - A Glimmer of Hope for Condominium Developers
October 17, 2013
by Brian Cheney
On September 26, 2013, the House of Representatives took a major step in simplifying the sale and lease process for condominium developments, voting 410/0 in favor of H.R. 2600, introduced by New York Democrat Congresswoman, Carolyn Maloney. The bill must now be considered by the Senate and President Obama and, if passed, the Interstate Land Sales Full Disclosure Act (“ILSA”) would be amended to exempt the sale and lease of condominium units from the existing registration and disclosure requirements under the statute.
[Read the full alert.]
©2024 Snell & Wilmer L.L.P. All rights reserved. The purpose of this publication is to provide readers with information on current topics of general interest and nothing herein shall be construed to create, offer, or memorialize the existence of an attorney-client relationship. The content should not be considered legal advice or opinion, because it may not apply to the specific facts of a particular matter. As guidance in areas is constantly changing and evolving, you should consider checking for updated guidance, or consult with legal counsel, before making any decisions.
City National 2CAL
| 350 South Grand Avenue
| Suite 3100
| Los Angeles, CA 90071-3420
The material in this newsletter may not be reproduced, distributed, transmitted, cached or otherwise used, except with the written permission of Snell & Wilmer.
The material in this newsletter may not be reproduced, distributed, transmitted, cached or otherwise used, except with the written permission of Snell & Wilmer.