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ARTICLE · 20 JULY 2022

Condominium Deconversion Legal Issues

Masuda, Funai, Eifert & Mitchell, Ltd.
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Condo owners opposing the bulk sale must submit a written objection to the sale within 20 days of the approval of the sale.

United StatesReal Estate and Construction
Keith W. Groebe
Keith W. Groebe
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Low supplies and historically high prices of single-family residences for sale have resulted in staggering increases in rent for, and shortages of, multifamily units throughout the U.S. These conditions have generated extraordinary demand for more multifamily rental units. In light of construction labor and material shortages and rapidly increasing costs, along with extended completion delivery timelines, developers have creatively turned to condominium deconversions to help meet multifamily rental demand. While deconversions have been somewhat effective to address multifamily rental demand, they are not without issues for the developer/deconverter and risks for the present condo owners.

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