Co-op and Condo Conversions
Converting what was once a rental apartment building to a cooperative or a condominium is complicated and must adhere to various laws and regulations. The real estate attorneys at Belkin Burden Wenig & Goldman, LLP, in New York and Connecticut, have helped property owners increase their business and maximize their profits through the process of co-op/condo conversion.
Co-op/condo conversion plans must be developed according to strict rules established by the Attorney General's office. Once developed, the AG's office must review and approve the plan of co-op/condo conversion from a residential or commercial building. Building owners need to be aware that New York State laws are in place to protect tenants, as much as or more so than any other state.
At Belkin Burden Wenig & Goldman, LLP, we have been representing real estate developers establishing condominium associations and cooperative corporations for more than 25 years. During that time, we have gained a thorough and ever-growing knowledge of the laws that govern cooperative and condominium conversions. That knowledge greatly benefits our co-op/condo conversion clients by ensuring that all matters are attended to properly and legally the first time.
Careful steps need to be taken in the conversion process, and we walk our clients through those steps. Adhering to the laws, regulations and tenant rights is vital to ensuring a successful co-op/condo conversion.
For more information or to schedule an appointment regarding co-op and condo conversion and any dispute mediation, please contact us.