Converting apartments into condominiums, and other forms of condominium conversions, are increasingly popular options for building owners as a real estate investment strategy. In South Florida, the demand for condos and condo conversions are on the rise as the economy continues to recover and as baby boomers head south and foreign investors come to Florida to purchase a primary or a second home.
Florida Statutes – CHAPTER 718 Condominiums – Part IV Conversions to Condominium (ss. 718.604-718.622) sets forth the legal requirements for the owner of a multi-family apartment building to subdivide and convert the building and its underlying property into a condo, with individual condominium units.
The condominium conversion attorneys at KALIS, KLEIMAN & WOLFE have extensive experience in condominium law and regularly assist tenants, condominium owners, business owners, landlords, developers and lenders in all real estate development matters throughout South Florida. We help owners, boards, and property managers make correct decisions for the benefit of their properties. We make sure they know and understand their rights, obligations and responsibilities in order to avoid or protect against future legal actions.
The attorneys at KALIS, KLEIMAN & WOLFE assist in a variety of matters from drafting new condominium documents and applications to representing an owner/developer before appropriate approval boards to assisting with financing and other real property matters. Converting a condo can take many forms and is highly regulated. Many who have tried condo conversion have been faced with hidden fees, unexpected assessments, costly litigation and even foreclosure.
For over 25 years the Commercial and Real Estate Law firm of KALIS, KLEIMAN & WOLFE has prided themselves on not just being lawyers, but being lawyers and counselors. Our real estate transactions and development projects have helped shape Ft. Lauderdale’s skyline and Davie’s growth. If you considering a condo conversion, contact the condo conversion attorneys at KALIS, KLEIMAN & WOLFE today at (954) 791-0477.