Stark & Stark Shareholder Presents Seminar on a Developer's Use of Governing Documents to Ensure the Smooth Transition of a "PREDFA-EXEMPT" Project

Posted on April 26, 2010 by Stark & Stark
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David J. Byrne, Shareholder and Co-Chair of Stark & Stark's Community Association Group, presented materials related to those New Jersey communities that are "exempt" from New Jersey's Planned Real Estate Development Full Disclosure Act (PREDFDA) and the transition of them to owner control and responsibility. The seminar was entitled Using Governing Documents to Ensure the Smooth Transition of a 'PREDFDA-exempt' project.

 

The presentation part of the Atlantic Builders Convention which was held in Atlantic City, New Jersey on April 14, 2010.  Mr. Byrne discussed the non-applicable provisions of PREDFDA, a developer's remaining disclosure-related obligations and how all of that relates to a developer's creation of a private community's governing documents.  He addressed the types of provisions that developers should include within those governing documents to ensure a smooth transition, manage purchaser expectations and safeguard the rights of both the developer and owners.

 

You can listen to the full presentation online here.

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