The Death of a Condominium: The Next Frontier for Real Estate Markets

The process of terminating a condominium is subject to regulations that vary from state to state. The termination of a condominium has significant negative implications for unit owners that utilize the units as a principal place of abode. On the other hand, condominium terminations provide a substantial investment opportunity for real estate professionals interested in potential redevelopment of condominium properties. This article provides an overview of the condominium termination process noting some of the challenges likely to be encountered along the way.