Condo Deconversion & Sale Of All Units

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Condo Deconversions and Terminations: Legal Guidance for Community Association

Condominium deconversions — where most owners sell to a single buyer who often converts units to rentals — are on the rise as rental demand grows.

KSN’s experienced attorneys guide community associations nationwide through every step of this complex process, ensuring legal compliance, transparency, and the best outcome for the community.

KSN’s Condominium Deconversion Services

KSN attorneys have handled unit sales and de-conversion transactions for buildings as small as 6 units and to over 400 units, including the largest de-conversion project attempted to date in downtown Chicago. Our law firm can also assist buyers as they convert rental property into individually sold units as condominiums.

  • Communication and counseling board members and property management throughout the sales process
  • Attendance at meetings with the board, management, and owners
  • Review the transaction terms in a solicited or unsolicited letter of intent
  • Review ethe real estate contract and/or purchase agreement documents
  • Advise the board regarding the provisions outlined in state specific legislation (ex. Section 15 of the Illinois Condominium Property Act)
  • Advising the board regarding applicable provisions of the association’s declaration related to the sale of all units
  • Assisting owners in the execution of required sales documents
  • Preparation of corporate documents and approval including voting documents and notices
  • Preparation of Articles of Dissolution of Corporation
  • Addressing current association contracts and vendor agreements
  • Unit closings and title work

Guiding Community Associations Through the Deconversion Process

KSN represents community associations throughout the United States in all aspects of the deconversion process. Our attorneys and legal professionals work closely with boards and owners to ensure that the process is legally compliant, transparent, and in the best interest of the community.

We provide strategic guidance from the initial offer to closing, helping associations manage every legal aspect of the transaction with confidence. 

Condominium Deconversion Insights & Resources

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4 Reasons Why Condo Associations Choose Deconversion or Termination

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5 Considerations in a Condominium Deconversion

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KSN Closes on Nearly 900 Units in Record-Breaking Chicago Deconversion Sales

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KSN Closes Largest Deconversion in Downtown Chicago History, Closing 296 Units

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Comprehensive Legal Support for Condominium Deconversions

If your community association has been approached by an interested buyer, your association is in the middle of a potential sale or de-conversion, or you are a buyer interested in converting income property into condominiums – please contact KSN today to discuss your legal needs.

Please contact KSN today to discuss your legal needs.

Fill out the form or reach our law firm by calling 855-537-0500.

KSN provides a number of legal services including community association law, landlord/tenant law, collection, property tax appeals, and more.

By using the form, you understand and accept that we cannot treat unsolicited information as confidential. Further, initiating possible legal representation requires review for any potential conflict of interest.