A condo offering plan is a disclosure document that lays out the terms under which a sponsor, that is, the owner of the property, can sell you a condo (or parking space or storage bin). Attorneys who specialize in this...
Tag - Offering Plan
Verified NYC New Development Property Information and Offering Prices
One of the ways in which Marketproof New Development stays on top of the market is by providing customers with complete and up-to-date offering plan information. This provides visibility into all inventory on the...
Offering Plan Basics: Sponsor Control Period
An important part of a condo offering plan, the document that lays out the terms under which a sponsor can sell you a condo, is the Sponsor Control Period. The Sponsor Control Period is the time, typically in the early...
Offering Plan ‘Accepted’: What happens next?
The condo process begins when a building sponsor’s attorney submits an offering plan to the New York State Attorney General’s office for approval. The AG’s Real Estate Finance Bureau oversees the...
10 Key Documents in the Life of an NYC Condo
NYC condo and co-op buildings have key documents that mark their progression from construction onwards. This is similar to birth and marriage certificates in the life of a person. Marketproof mines all of these real...
