Manly & Stewart News

2006 Legal Outlook in the Multi-Family Housing Industry

MOLD, ASBESTOS, INDEMNITY CLAUSES AND CONSTRUCTION DEFECT CLAIMS
WILL VEX APARTMENT OWNERS IN 2006. WHILE NEXT YEAR’S LEGAL OUTLOOK
IS COMPLICATED, IT IS NAVIGABLE WITH THE RIGHT FORESIGHT AND TOOLS.


In 2005, the apartment industry had a booming year
due to low interest rates and record numbers of condominium
conversions. But, by the same token,
there were downsides. Natural disasters affecting a
substantial number of owners, managers and developers
had to be confronted. And, changes in laws
have affected the way those in the apartment industry do business.

By analyzing this past year, it...