The Declarant Period is Over

Started by AlexL1 • 1 replies • 1034 views

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AlexL1 (Florida)
Posts: 305

Posted:

I guess this is more of a legal question. The company that did the transformation(if that is the right word... perhaps conversion is better)of a condo place from that of apartments ended two years ago. That company still owns one or two condo units...... a number of car ports and a number of garages that were previously being sold out for $10,000 or so each(for the garages).

Now that the declarant period is over, how long do they (the conversion company) have the right to hold control of the carports/condo units/garages?

MaryA1 (Arizona)
Posts: 7,043

Posted:

Alex,

My guess would be until they're sold. The Condo conversion statutes are 718.604 thru 622; you may want to check them out. I couldn't see anything that addressed your question, but I may have overlooked something. Another thing you may want to do is contact your city/co to find out exactly what the conversion requirements were. I understand they do have to file a report with the municipality in which the complex is located.

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