Condo Conversion in Mixed Commercial Property - Posted by Bill Simpson

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.

Condo Conversion in Mixed Commercial Property - Posted by Bill Simpson

Posted by Bill Simpson on April 25, 2007 at 17:47:19:

If you convert two apartments to condos and then sell them, how do you go about selling the two commercial properties on the ground floor below the condos.

Re: Condo Conversion in Mixed Commercial Property - Posted by Mark

Posted by Mark on April 26, 2007 at 02:02:34:

And don’t forget the CC&R’s…

Re: Condo Conversion in Mixed Commercial Property - Posted by Redline

Posted by Redline on April 26, 2007 at 24:34:54:

You may be able to create commercial condo space there, or simply rent that space out as you normally would with the owned residential condo space above.

RL