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Developers2021-08-13T12:46:22-04:00

Legal Advice for Developers in New York

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FIND THE RIGHT PATH FOR YOUR PROPERTY
Having the right group supervising your development is an important step you don’t want to overlook.
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Offering plans are vital to the success of your development so we stay on top of them.
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Each closing adds to the success of your development, as does regular upkeep of each of the units. 
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Step 1: Plan With An Attorney

Step 2: Our Team Works with You

STEP 3: Your Development is Running Smoothly

Let Fisher Stone Help You Properly Sponsor Your Development.

Constant Guidance

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Our team will be prepared for the long haul, because we understand the development process and your best options.

Guaranteed Service

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We guarantee you will be satisfied with our work. Every process and service we provide has been optimized for you.

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The work we do is second-to-none due to the expertise and all-out care of our attorneys.

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Services We Provide

CO-OP | CONDO BOARD
  • Appointing Board Members
  • Amending Offering Plans
  • Drafting Development Documents

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OFFERING PLAN | NEW DEVELOPMENT 
  • Drafting Offering Plan

  • Government Filing

  • Zoning / Environmental Testing
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MAINTAINING | CLOSING UNITS
  • Contract / Lease Negotiations 
  • Tenant Disputes
  • Litigation
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Frequently Asked Questions

If you’re unsure about which part of the development you would like help with, look through these frequently asked questions. If you still want guidance, you can schedule a free strategy session with one of our attorneys.

When developing, what is the “sources and uses” statement?2020-10-27T15:35:09-04:00

The sources and uses statement is the disclosure of who has sponsored the development and how their money is spent. These numbers must match so each sponsor can understand the flow of their money and can chart the development of the new property.

What power does a governing association hold?2020-10-27T15:34:21-04:00

The governing board is charged with maintaining the complex, through regular upkeep/ maintenance and regulating the property within the guidelines of the association. The governing board can also motion to adjust the condo fees, with approval from the owners or renters.

What are condo fees and when can I charge them?2020-10-27T15:33:45-04:00

Condo fees can also be called “maintenance fees” or “upkeep fees” and the fees are used for general upkeep, any maintenance done in the development, or upgrades to common areas. These fees can be charged at designated times, each complex differs. Fees can also be raised or lowered if the governing board and the owners agree.

What is an offering plan?2020-10-27T15:33:09-04:00

An offering plan is the outline for all aspects of a development. The document is usually hundreds of pages detailing all the amenities, rules, and terms of the condominium and living as its tenant. Having an attorney eases the process of drafting regulations that benefit the development.

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