When it comes to a condo conversion project, there is more than meets the eye. There is more to this than you may realize upfront. For this reason, it is important to fully understand what you are getting into, how to avoid trouble and how to address any challenges that present along the way.
There are many legal aspects of a condo conversion, meaning that you can spend a lot of time, money and resources on this part of the project. It doesn't matter if you are the developer or sponsor, when you get involved with this type of project, it is essential to know the ins and outs, including what to expect as the project moves forward.
Some of the most common concerns are associated with:
-- Zoning laws
-- Project development
-- Variety of other legal documents
Furthermore, it is common for many people to be involved with this project. This includes but is not limited to developers, builders, architects, marketing professionals, tax professionals and contractors. Keeping all of these people on the same page is of utmost importance.
Taking on a condo conversion project is a big deal. There is a lot that goes into this, but you should not shy away as a result. Instead, you should realize that the end result will be well worth the time that you put in upfront.
Our attorneys are experienced with all aspects of condo conversion projects. If you want to learn more or if you have questions, search for more information and answers on our website.