The New York Real Estate Journal published an article by Olshan Real Estate partner Thomas Kearns entitled, “Condominium Offering Plans Are Contracts.” Tom discusses the implications of the evolving case law after the 2002 Jennifer case which held that condominium offering plans can create contractual obligations between sponsors and individual purchasers.
Full article content reprinted with permission below. To view on the New York Real Estate Journal site, please click here.