A condominium is a form of property ownership, and government regulations do not prohibit converting multifamily properties to condominium ownership because such restrictions would constitute discrimination against a specific form of ownership, which is legally prohibited.
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Why are condominiums unique?? #shorts #property #propertyinvestment #lawyertipsAdded:
A condominium is nothing more than a form of ownership. Why is that important? Why does it matter? Well, because our law does not allow discrimination against forms of ownership. So, let's dig into that a little bit. If we have a multifamily property and we want to convert it to a condominium, there are no government regulations that disallow the property from being converted into the condominium form of ownership because it's considered discrimination against a form of ownership and that's not allowed.
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