The transition of control from a developer to an independent board of directors elected by condominium unit owners is a complex process. A successful transition can be accomplished by gaining a thorough understanding of the key legal issues that must be addressed to effectuate smooth transition and provide for the building’s future and financial health.
Join Chicago Real Estate Professionals (CREP) for a thought-provoking panel discussion and hear from a panel of real estate and condominium experts on the opportunities and challenges in a control transition process.
CREP is sponsored by the law firm of Brown, Udell, Pomerantz and Delrahim, Ltd.
Panel topics t covered include:
- Legal aspect of condominium new construction, conversions and de-conversion and its impact on developers, lender. investors and associations;
- Construction defect claims and use of Indemnity Agreements including claims against developers and GCs;
- Condominium insurance coverage and D & O liability issues;
- Developer, Management and Board of Directors governance, duties and responsibilities;
- What’s next on the Horizon –
- Legal Aspects of handi-capped parking post “Chandler”;
- No smoking bans; and
- Responsible accommodations under Americans with Disabilities Act for use of medical marijuana.
Howard S. Dakoff, Partner Levenfeld Pearlstein, LLC
Robert Graf, Executive Vice President, CPM, CMCA, Sudler Property Management.
Shelley Smith, Partner, Brown, Udell, Pomerantz and Delrahim, Ltd.
Kimberly J. Sharon, General Counsel, Magellan Development Group, LLC
Moderator:
Michael J. Delrahim, Managing Partner, Brown, Udell, Pomerantz and Delrahim, Ltd.