Real Estate, Zoning & Land Development Law
Sophisticated counsel for sophisticated projects.
Condominiums and Planned Communities
Property owners decide to form condominiums for many reasons. Some are building a new residential or non-residential project and want to develop and market it as a condominium. Others want to convert an existing building so they can sell units for an immediate return, and retain some units to lease for ongoing income. Still others have been trying unsuccessfully to sell a rental property, and believe there will be a better market for smaller units that share the maintenance costs of the property.
Whatever your reason, you need a lawyer who is well-versed in the legal requirements for the documents that create condominiums, and who has a clear understanding of the proper management and control of condominium communities. It is important not only to meet the legal requirements, but also to have documents which assist the owner in marketing and selling units, and which work for the management and operation of the community throughout its lifespan.
I have been advising my clients on the formation of condominiums for more than twenty-five years, and have extensive experience with creating both residential and non-residential condominiums for new construction, and creating non-residential conversion condominiums.
Since the adoption of the Pennsylvania Planned Community Act more than fourteen years ago, I have also been active in creating planned communities. My experience with planned communities includes the creation of "tiered" planned communities for large multi-use projects, combining a master association to oversee community-wide concerns with sub-associations which serve the needs of the individual sections of the community (single family homes, townhouses, etc.).
My thorough knowledge of the legal and operational requirements of condominiums and planned communities has also enabled me to give guidance to condominium and community associations.
The services I provide my clients include:
Property owners decide to form condominiums for many reasons. Some are building a new residential or non-residential project and want to develop and market it as a condominium. Others want to convert an existing building so they can sell units for an immediate return, and retain some units to lease for ongoing income. Still others have been trying unsuccessfully to sell a rental property, and believe there will be a better market for smaller units that share the maintenance costs of the property.
Whatever your reason, you need a lawyer who is well-versed in the legal requirements for the documents that create condominiums, and who has a clear understanding of the proper management and control of condominium communities. It is important not only to meet the legal requirements, but also to have documents which assist the owner in marketing and selling units, and which work for the management and operation of the community throughout its lifespan.
I have been advising my clients on the formation of condominiums for more than twenty-five years, and have extensive experience with creating both residential and non-residential condominiums for new construction, and creating non-residential conversion condominiums.
Since the adoption of the Pennsylvania Planned Community Act more than fourteen years ago, I have also been active in creating planned communities. My experience with planned communities includes the creation of "tiered" planned communities for large multi-use projects, combining a master association to oversee community-wide concerns with sub-associations which serve the needs of the individual sections of the community (single family homes, townhouses, etc.).
My thorough knowledge of the legal and operational requirements of condominiums and planned communities has also enabled me to give guidance to condominium and community associations.
The services I provide my clients include:
- Formation of new residential, office and commercial condominiums
- Conversion of existing commercial and industrial buildings into commercial / industrial condominiums
- Formation of planned communities
- Preparing the Declaration, Bylaws and, where applicable, the Public Offering Statement required for the creation of the condominium or planned community and the marketing of units
- Preparing Agreement of Sale provisions addressing condominium and planned community matters
- Incorporating the association
- Preparing amendments to Declarations and Bylaws
- Preparing documentation required to transfer Declarant rights
- Assisting the Declarant in turning over control of the association as required by law
- Advising condominium and planned community associations in evaluating, enforcing and amending their regulations
Contact me to explore how we can work together to meet your condominium or planned community needs. Email me at caedwards@caedwardsesq.com or call me at 215-504-8840.
