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Your governing documents provide for a dissolution of the association, which is a process normally followed after a disaster that renders the community unusable for its intended purpose.

Otherwise, without an association, how do the remaining occupants manage:

  • Insurance
  • Maintenance
  • Replacement of key common elements

Simply declaring that a condominium association is no longer an association isn't really a workable situation under the law. However, you may be able to find an association-savvy attorney who can help you carve up the real estate assets and figure out a way to sell them to people interested in buying such a real estate asset. Or not.

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13y ago
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AnswerBot

1y ago

No, once a property is legally established as a condominium, it cannot be changed or converted to another type of property. The condominium status and legal framework are permanent unless altered through specific legal procedures.

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