Terminating a Condominium: Navigating the Process, Redevelopment Considerations, Benefits and Pitfalls
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE webinar will provide real estate practitioners with an overview of the complex process and benefits and pitfalls of terminating a condominium. The panel will also examine redevelopment considerations and best practices for real estate counsel when advising real estate developers and condominium associations.
- Overview of a condominium termination
- Termination approval
- Termination agreement
- Sale and distribution of proceeds
- Benefits and pitfalls
- Redevelopment issues
- Best practices
The panel will discuss these and other important issues:
- What are the key considerations for terminating a condominium?
- What are the benefits and pitfalls involved in terminating a condominium?
- What are some best practices for navigating the practical and legal issues when advising real estate developers and condominium associations?
Kathryn Kovitz Arnold
Partner; Chair Real Estate Practice Group
Taft Stettinius & Hollister
Ms. Arnold is the Real Estate Practice Group Chair and also heads the firm’s Condominium Practice Group which... | Read More
Ms. Arnold is the Real Estate Practice Group Chair and also heads the firm’s Condominium Practice Group which handles all aspects of condominium law, including development, conversion, de-conversion, and working with homeowner’s associations. For over 30 years, through her wide-ranging real estate practice, Ms. Arnold has played a key role in shaping the landscape of many of Chicago’s most diverse neighborhoods and business communities. She focuses in the areas of real estate development, commercial and residential condominium development and conversion, leasing, mixed-use projects and high-rise development, restaurants, vertical subdivisions and separations, and commercial financing (lender and borrower representation). A focus of her practice has been condominium de-conversions. Ms. Arnold has served as lead counsel for the buyer on some of Chicago areas largest condominium de-conversions.Close
Robert M. Diamond
Mr. Diamond has practiced real property law in Virginia, Maryland and the District of Columbia for 38 years, with... | Read More
Mr. Diamond has practiced real property law in Virginia, Maryland and the District of Columbia for 38 years, with special emphasis on preparing documents for condominiums, planned communities and mixed-use projects, negotiating warranty and construction defect claims, representing community associations and litigating association-related issues in state and federal courts.Close
Kelly C. Elmore
Principal; Chair of the Deconversion Department
Kovitz Shifrin Nesbit
Ms. Elmore advises condominium, homeowner, and townhome community associations on all aspects of corporate law... | Read More
Ms. Elmore advises condominium, homeowner, and townhome community associations on all aspects of corporate law including: association contracts, amendments to declarations and by-laws, rule enforcement, the special assessment process, board elections, assessment collection, foreclosures and bankruptcy issues, developer turnover, construction defect disputes, and contract review. She is Chair of the firm’s Deconversion Department and advises condominium associations on the complex process of condominium deconversion (or “Section 15 sale”). In this process, a buyer or developer purchases a condominium property and converts the property into apartment rentals. Considered by many in the industry to be the leading authority in the deconversion process, Ms. Elmore is a regular guest speaker and panelist for various industry lectures, seminars and panel discussions.Close
Oscar R. Rivera
Mr. Rivera’s practice focuses on real property and corporate law, representing numerous developers, investment... | Read More
Mr. Rivera’s practice focuses on real property and corporate law, representing numerous developers, investment companies, business owners, municipalities, lenders, retailers and management companies throughout the United States and Latin America. Since 1981, he has handled a broad range of matters involving the development and financing of various classes of commercial real estate including retail, office, industrial, multifamily and mixed-use properties. Mr. Rivera’s expertise lies in acquisition and sales, leasing, contract/lease enforcement and evictions, loan transactions, foreclosures and workouts.Close