CONDO DEVELOPERS AND FIDUCIARY DUTIES: AN UNLIKELY PAIRING?

Alisa M. Levin

Abstract

"Condo Developers and FIduciary Duties: An Unlikely Pairing? explores the nationwide issues that are created and flogging the court systems in relation to developers of residential real estate sell condominiums that are unfinished, incomplete or underfunded. From California to Washington D.C., condominium owners and prospective purchasers are forced to deal with unscrupulous real estate developers who profit from quick turnaround in the condominium market. Exploring the notions of fiduciary duty and liability, light is shed on how municipalities, building departments and courts alike can require more pre-sale disclosure, complete construction and adequate funding in order to insure consumer expectations are met, projects are safe and complete and courts are freed from many a suit involving developer litigation.