Cond0minium
Conversions
We can provide legal representation
in the conversion of your multi-family home or investment
property into a condominium. The nature and extent of
this work will include the following:
Drafting of the Master Deed:
The Master Deed specifies what is considered common
area and outlines the boundaries of each unit. It will
also denote the rights and obligations of the unit owners,
including the exclusive right to use areas for each
unit which usually consist of basements, porches, storage
areas and parking spaces. The Master Deed, when recorded
at the Registry of Deeds, will legally create the condominium.
Drafting the Declaration of Trust and By-Laws:
The Declaration of Trust and Bylaws are the documents
that create the condominium association, the managing
entity of the condominium. The association will have
its own bank account into which each unit's monthly
condominium fees will be deposited. Through these funds,
the association pays all common expenses relative to
the condominiums common areas. These expenses usually
include maintenance, repair, upkeep, insurance premiums,
common water bill and landscaping expenses for the common
areas,
Coordinating the Efforts of an Architect and
Engineer:
In addition to the expertise of an Attorney, the conversion
process requires the efforts of an architect and an
engineer or land surveyor. These professionals play
important roles in the conversion process. The architect
will take measurements of the interior of each unit
to be created, including the basement, entry hallways
and stairways and any other shared common areas. These
plans will also illustrate any exclusive right to use
areas that go with each unit such as storage areas.
The engineer or land surveyor will prepare a plan of
the lot showing where the house sits on the lot including
any driveway and garage.
Recording of all Documents in the Appropriate
Registry of Deeds:
We will record the Master Deed, the Declaration of Trust
and Bylaws, Master Deed Floor Plans and Site Plan with
the Registry of Deeds.
We will walk you through these
steps and keep you informed throughout the entire process.
Before anything is done, you will have the opportunity
to review all of the documents, have each one explained
in detail and ask questions. It is this element of customer
service and personalized touch that separates us from other attorneys
If you have any questions regarding this process, or
feel that you may benefit from our services, please
feel free to contact
us and we will get back to you shortly.
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