Whether you are interested in converting your two or three family home,
developing condominiums from a pre-existing structure, or building from
the ground up, creating a condominium involves various intricacies that
are often specific to your particular condominium. The condominium is
its own entity, in that each condominium association should have its own
unique governing documents and regulations that dictate the rights and
responsibilities of individual unit owners and of those individuals designated
or elected as trustees. You, as the developer, can tailor provisions of
the Trust and implement particular Rules and Regulations that will guide
the future unit owners. For instance, if you want a smoke-free building,
you can create a provision prohibiting smoking anywhere in the building.
Other potential provisions might include limiting loud music and excessive
noise to certain hours of the day, controlling the number and size of
accepted pets, or placing restrictions on an owner's ability to lease
the unit. Such regulations serve to promote a more considerate and peaceful
living situation for all.
Effectively drafted documents are the key to creating an amicable and self-sufficient
condominium association.
From creating the condominium documents to negotiating the Purchase and
Sale Agreement to closing, the processes of developing and selling a condominium
are highly nuanced. It is important to contact an experienced attorney
to guide you through this process. Contact Aisha Milbury Ellis at (617)
535-7531 or
amilburyellis@demourasmith.com for assistance.