Posted by Rich-CA on April 25, 2007 at 18:40:42:
Condominium is a form of ownership, not a type of property. For example, there are office condos where the business owns their office in a building and other businesses own theirs. It requires separate deeds for each condo unit (office or commercial) and there are usually other requirements for conversion (utilities that have to have separate utility company meters, separate heat, A/C, water heaters and so on). There may also be requirements for separation between units.
If its feasible for the building, I would suggest converting both the residential and commercial space. You don’t have to sell any particular unit, but being able to is real nice.