Luxury Condos- No Amenities and a Lawsuit

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You wouldn't expect that the purchase of a $1.4 million luxury condo unit would end up in court over whether the purchase included ownership in the amenities.

But that is what happened when the condo owners of a high end condo project in Hawaii, learned that what they thought they had purchased was not in fact correct. Those owners are now in court fighting over the amenities and other issues relating to the Ko Olina condominium project in Hawaii.

Jeff Stone, owner of the management company and commercial operator of the project, has now resorted to roping off the amenities space to prevent owners from using some of the facilities. As a result of all the legal battles and disputes, Stone's manager ended up quitting after receiving threats. Even Stone and his 73-year old mother have received threats. The owners have denied any wrong doing on their part.

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Published In: Business Organization Updates, Business Torts Updates, General Business Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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