Daniel B. Greenstein | Bernick Lifson | September 28, 2017 A new law attempts to slow construction defect litigation. You have likely heard about the Minnesota Common Interest Ownership Act (MCIOA) amendmentsfor some time — legislation, H.F. 1538, which was recently signed into law by Governor Dayton. These changes add language to the MCIOA concerning… Continue reading MCIOA Amendments Change Construct Defect Claims Process
Tag: Minnesota Common Interest Ownership Act
Minnesota Legislature Revises Minnesota Common Interest Ownership Act
Steven R. Lindemann and Aalok K. Sharma | Stinson Leonard Street LLP | June 28, 2017 In recent years, very few condominium projects have been developed in Minnesota despite strong demand from potential condominium homeowners. Many developers attribute their reluctance to build condominiums to litigation risk and difficulty obtaining insurance and financing for condominium developments… Continue reading Minnesota Legislature Revises Minnesota Common Interest Ownership Act
Minnesota Legislature Modifies its Condominium Construction Defect Law
Bernard E. Nodzon, Jr., Richard A. Forschler, Thomas C. Freeman, Sonnie A. Elliott, David H. Johnson, Emily J. Nachtigal and Donovan M. Hurd | Faegre Baker Daniels | June 22, 2017 Condominium construction in Minnesota has dramatically slowed since its peak from 2003 through 2006. Most developers have elected to build apartments instead of condominiums.… Continue reading Minnesota Legislature Modifies its Condominium Construction Defect Law
New Requirements Under MCIOA: Preventative Maintenance Plans and Construction Defect Claims
Michael D. Klemm | Hellmuth Johnson PLLC | June 6, 2017 Important changes to Minnesota law were recently made that will affect real estate developers, builders, associations and unit owners. Minnesota Statutes Chapter 515B, the Minnesota Common Interest Ownership Act (“MCIOA”), was amended to establish new requirements regarding preventative maintenance plans and construction defect claims… Continue reading New Requirements Under MCIOA: Preventative Maintenance Plans and Construction Defect Claims