Important Considerations for Condo Conversions

Important Considerations for Condo Conversions

Aug 01, 2017

Article

Co-author, Colorado Real Estate Journal, August 2017

In light of the recently adopted House Bill 1279 and the Colorado Supreme Court’s decision in Vallagio at Inverness Residential Condominium Association, Inc. v. Metropolitan Homes, Inc., et al. (217 CO 69), the time finally may have arrived when developers and owners of existing multifamily apartments can begin converting them into for-sale condominiums. Before committing to a conversion – a process that has not been greatly utilized in recent years due to factors including construction defect risk – developers should consider several factors and legal requirements.

Click on the above PDF to read the entire article published in the Colorado Real Estate Journal.

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