In general, condominium conversion will result in a significant increase in property value. Currently in San Francisco, two-unit buildings that meet certain owner-occupancy and other eligibility requirements may easily be converted to condominiums.
If you own or plan to purchase a unit in a 2 unit building and would like to convert it to condominiums, we can help you determine the building eligibility and assist you with the conversion process. This determination involves more than a specific knowledge of the rules related to subdivisions. Instead, a full knowledge of landlord-tenant laws is essential. Making certain decisions with respect to tenants, such as pursuing certain evictions or negotiating certain buy-out agreements, could render a building ineligible for condominium conversion.
For these reasons, it is important to inquire about condominium conversion eligibility prior to purchasing a property or making decisions regarding your tenants. Our firm is well-versed in all aspects of these matters and can help you determine the eligibility of your property for condominium conversion in order to avoid the pitfalls that could prevent you from converting to condominiums.
In addition, we have extensive experience with all aspects of condominium related matters, including:
- Preparation, submission and monitoring of the condominium conversion application
- Preparation of the legal documents, including CC&Rs, Bylaws, Rules and Regulations
- HOA formation
- Amending and/or Restating CC&Rs
- Homeowners' dispute resolutions related to:
- building/unit improvement
- maintenance and repair
- payment of HOA dues
- rental restriction
- use and occupancy restrictions
In resolving disputes, we keep in mind that property owners will continue to live together in the same building. As a result, we try, whenever possible, to minimize adversarial proceedings. However, we can be as aggressive as necessary to protect our clients' interests.
For pricing information, please contact us via email or call us at (415) 956-8100.