The sale of all the units within a condominium association, also known as a condo deconversion, has gained momentum over the last few years.
Compared to the cost of constructing an entirely new property from the ground up, some real estate investors and developers have found it easier and financially more advantageous to purchase an existing … Read More ›
On Thursday March 10, 2022, Indiana House Bill 1196 was passed into law. It provides that:
“a homeowners association may require certain screening and preapproval procedures before an owner of a dwelling unit may install a solar energy system; and
a homeowners association may prohibit the installation, use, or removal of a solar energy system under certain … Read More ›
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 ›