Time to Rehab the Aging Condominium Concept
The Practical Real Estate Lawyer
Publication
September 06, 2017
The condominium concept in the United States is now over 55 years of age. Many of the early condominium projects are old and in need of rehabilitation or cannot economically be rehabilitated and are candidates for demolition and redevelopment. This article identifies issues that have been exposed and presents a modest proposal that future condominium statutes and documents include provisions that would help in any future downturns.
This article is reprinted with permission from The Practical Real Estate Lawyer.
Related Practices
RELATED PEOPLE
Martin A. Schwartz
PartnerYOU MIGHT ALSO LIKE
Renewed discussion over the safety of aging condominiums has intensified the debate among condo owners and associations over the most appropriate and cost effective ways to address aging structures. In this Miami Herald article, Martin Schwartz explores the evolution of and renewed interest in condo...
Felix X. Rodriguez and Joy Spillis Lundeen discuss the three alternatives for the design and construction of real estate that are increasingly utilized by the development community: Design-Build, Design-Assist, and Delegated Design. Going beyond discussing condominium developments, the panel covered...