Condominiums

The Law Offices of Paul N. Bell has extensive experience in all aspects of residential and commercial condominiums – from conversion and drafting of condominium documents, to purchase and sale transactions. Our diverse experience in condominiums includes: large residential buildings, two and three family homes, office building complexes and nursing homes and assisted living facilities.

The condominium is an extraordinarily flexible and creative fractional real estate ownership structure for increasing the value of property and for solving a variety of simple and complex zoning and land use problems.

When a property is converted to a condominium, each unit owner shares in the cost of the ownership and maintenance of the underlying land and other common improvements on the property. This creates opportunities for people to own both residential and commercial real estate in situations where it might not otherwise be affordable. For the same reason, converting a house, multifamily property or commercial building to a condominium can increase the value of a property for the current owner, because the sum of the value of all the units is usually worth more than the value of the unconverted property.

Converting a property to a condominium is also an exceptionally useful tool for solving troublesome zoning and land use problems efficiently and economically. Often times it is possible to subdivide or permit a parcel of land for development by converting the property to a condominium where conventional variance and other permitting procedures do not work.

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