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.
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