In June 2024, Braverman Greenspun of counsel William Geller and principal and managing partner Rob Braverman secured the dismissal of claims against a group of buyers of apartments in a Tribeca condominium, stemming from a dispute between the owner of the condominium and the developer. The ruling illustrated important points about how contracts can run with the land, or otherwise impose liability on real estate buyers.
In an article for the New York Real Estate Law Reporter, Bill and Rob provide an overview of the case, analyze the Appellate Division, First Department decision, and discuss key takeaways for property owners.
Bill and Rob explain that this decision is significant because it prevents buyers of condominium units from facing unexpected liability for alleged breaches by the developer. Had the claims been sustained, real estate interests could try to extend contract liability to buyers and subsequent landholders by recording contracts that did not involve the buyers.
Read the full article here.