Condo conversions are a way to maximize the value of a building by subdividing the building into separate, taxable, and mortgageable units that can be sold. The process of converting a rental building into a condominium building depends on if there are less than 10 units to convert, whether tenants are in possession of the units and the whether or not the building needs to be changed and requires zoning approval.

Depending on the size of the conversion you will need a registered professional engineer, a registered architect, a building maintenance company, an insurance company to insure the units and the association, and a title company. All these entities work with the attorney on creating the public offering statement, the master deed and all exhibits.

The Law Office of Frank Marciano is experienced in dealing with conversion issues and zoning issues and can help guide and facilitate the entire process. Many landlords are unlocking the equity value of their multi unit buildings or low use commercial buildings.

To learn more about Zoning Applications or Condo Conversions or to set up a free consultation, contact The Law Office of Frank Marciano online or call us at (201) 656-1000.