Condominium ConversionsSeattle Real Estate Attorney
Concept to Conversion
The concept of a condominium conversion is taking an existing building, typically an apartment building, and converting the structure into a condominium with individual condominium units that can be sold as separate tax parcels. Condominium conversion is popular among commercial owners and developers that have an interest in the creation of multi-family housing, corporate office space, and multi-use property.
We Understand the Challenges of Condo Conversions
Every condominium conversion is different and is driven by a number of factors, including, but not limited to, the location of the building (the city in which it is located), the size of the structure, the on-site amenities, and the types of units that will be sold (i.e. residential, commercial, multi-use). Legally, condominium units are ready to be sold once the Public Offering Statement is complete. In addition, there are a number of documents that must be provided to each prospective purchaser along with the Public Offering Statement pursuant to the applicable Revised Code of Washington (RCW) Sections. Given the complicated nature of condominium conversions, the use of a legal professional, such as our office, is essential to the success of the project.
Community Associations Experts
Brandt Law Group utilizes its extensive background in community associations to assist its clients with the condominium conversion process. Our services related to condominium conversions include the creation of the Declaration, Bylaws, Rules and Regulations, Articles of Incorporation, and Public Offering Statement. In preparing these documents, we work closely with the owner and/or developer, the land surveyor, building engineers, architects, inspectors, and any other parties that may be required to successfully complete the project. Owners and/or developers should be aware that there are many other documents that must be provided along with the Public Offering Statement that Brandt Law Group can assist in facilitating on behalf of the owner and/or developer but does not prepare. These may include inspection reports, budgets, insurance documentation, Engineer/Architect reports and/or letters, and a Survey Map and Plans. Due to the magnitude of a condominium conversion and the involvement of an extensive number of third-parties, these projects take a while to fully complete.