Second Circuit Construes ILSA to Rescue Condominium Purchasers

Does ILSA, which permits a buyer to rescind a purchase if the buyer has not received a statutorily mandated "printed property report," apply to single-floor condominium units?

15 minute read August 29, 2013 at 10:06 AM

Stewart E. Sterk

Second Circuit Construes ILSA to Rescue Condominium Purchasers

Does the Interstate Land Sale Full Disclosure Act (ILSA), which permits a buyer to rescind a purchase if the buyer has not received a statutorily mandated “printed property report,” apply to single-floor condominium units?

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