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July 27, 2009
Condo can't get c of o
I bought into this condo under a temporary c of o. Now the building cannot get a permanent c of o and everyone here is living without c of o. What can we do?
Comments
Does the offering plan indicate that obtaining the final C of O is the Sponsor's responsibility? If so, what is your Sponsor's position on this problem? The building's Board of Managers should write the Sponsor and document the issues immediately.
Also, what is the reason for the building not receiving a final C of O? You can check remaining C of O requirements on the DOB's website.
If the Sponsor is unresponsive, your best bet is to determine exactly what the oustanding requirements are (by looking at the DOB website and by hiring an architect or engineer if necessary), and to file a complaint with the New York Office of the Attorney General Real Estate and Finance Bureau. I have to warn you, however, that the complaint-resolution process is fairly slow.
Best of luck...
Posted by: maeve at July 27, 2009 1:20 PM
Yikes - whereabouts?
Hopefully your lawyer put a clause in your contract that lets you get out if the C of O issue can't be resolved.
Agreed with Maeve - research why it wasn't approved and do your due dilligence...
Posted by: gemini10 at July 27, 2009 2:45 PM
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