Plaintiff contends that defendant, sponsor of the condominium offering plan, underfunded plaintiff's reserve fund by using the wrong value for "total price" in the calculation of the amount of the fund (see Administrative Code of City of NY §§ 26-703[b][i] ["three per cent of the total price"]; 26-702[b] [2] ["the sum of the cost of all units in the offering at the last price which was offered to tenants in occupancy prior to the effective date of the plan...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.