As the demand for rental units has increased over the last few years, the transactions commonly referred to as “condominium deconversions” have become more commonplace.
Deconversion transactions involve an investor (ex. real estate developer) who purchases all of the units in an association from the individual owners, and then transitions or “deconverts” the property from condominium … Read More ›
Vaccines are being distributed as quickly as possible. Indiana’s Governor Holcomb recently began easing some of the restrictions that were in place for bars and restaurants in hopes of slowing the spread of the COVID virus. Schools are slowly returning to in-person education. There appears to be a light at the end of the tunnel.
While … Read More ›
Condominiums, homeowner, and townhome associations can choose to regulate signage in their communities including posters, flags, banners, and other displays.
Commercial signage can be prohibited on homeowner and unit owner property.
The amount of time a “For Sale” sign can be displayed in front of a property can be addressed in the association’s rules and bylaws.
Owners … Read More ›
We are now more than three years into the condominium deconversion wave that took the Chicagoland real estate industry by surprise in 2015. While deconversions may appear to be commonplace, so are the challenges to these unique large sale transactions.
Some unit owners have mounted vocal and often caustic challenges in opposition to these sales. Others … Read More ›