Quote:
Posted By BillyH on 06/15/2007 6:12 AM
Does anyone know the proper procedure to change Condo's to Townhomes?
It will be extremely difficult to impossible to achieve this. I would start by reading the CC&Rs to see if and how the CC&Rs can be terminated. If they can be terminated then consult with a good HOA attorney to determine how the conversion can be achieved and the estimated cost. This alone may terminate the process.
If still a GO, then it will probably require a signed ballot vote of all owners to terminate the Condo CC&Rs. And a separate signed notarized agreement by each owner to form the townhome association. I would include details on distribution of each Condo common area and the proposed CC&Rs for the townhomes. If every owner approves the conversion it may be doable.