When a developer, building owner or management company changes the use of a rental building to a co-op or condo, a conversion occurs. For this to happen legally, certain approvals and permits must be acquired from government agencies.
Our lawyers are with you from the planning/submission of the proposed offering plan, through the filing of the post-closing amendment/closings on individual apartments/units. We also handle negotiations with existing tenants, as well as negotiations/filing of the final offering plan with the NYS Attorney General’s Office.
Our law office can assit with converting multi-family properties into individual condominiums throughout the New York area. We work with local architects and surveyors to obtain floor and site plans. We can assist in drafting condominium documents and have also prepared agreements between parties seeking to purchase and convert a two or three family dwelling.
We represent developers, purchasers, sellers, lenders, and condominium organizations in condo conversion; drafting and review of purchase contracts for condominium units, owner association rules, and other documents; and at closings.
The condo attorneys at our law firm have considerable experience with condominium conversions and local zoning ordinances throughout the new York area. We represent builders, developers, individuals, and businesses in all condo conversion matters.