[WSBARP] Converting from Condo to Fee Simple?

[Rob Rowley]

Yes.



*Robert R. Rowley* | Attorney at Law

7 S. Howard St, Suite 218

Spokane, WA  99201

Telephone: (509) 252-5074

Mobile: (509) 994-1143

Facsimile: (509) 928-3084

Email: rob at rowleylegal.com



*From:* wsbarp-bounces at lists.wsbarppt.com [mailto:
wsbarp-bounces at lists.wsbarppt.com] *On Behalf Of *nestor at pplsweb.com
*Sent:* Thursday, May 17, 2018 12:45 PM
*To:* 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
*Subject:* Re: [WSBARP] Converting from Condo to Fee Simple?





Are there any mortgages on the property?



Nestor Gorfinkel





*From:* wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com>
*On Behalf Of *Rob Rowley
*Sent:* Thursday, May 17, 2018 12:33 PM
*To:* WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
*Subject:* Re: [WSBARP] Converting from Condo to Fee Simple?



The builder will be able to control 83% of the parcels with a the statutory
80% cutoff. RCW 64.34.268.





*From:* wsbarp-bounces at lists.wsbarppt.com [mailto:
wsbarp-bounces at lists.wsbarppt.com] *On Behalf Of *Craig Gourley
*Sent:* Thursday, May 17, 2018 12:15 PM
*To:* WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
*Subject:* Re: [WSBARP] Converting from Condo to Fee Simple?



If all lots are owned by one person it is pretty simple, if not you end up
in a tenancy in  common situation. We "uncondoed" several apartment
buildings during the crash when the conversions did not sell.

The property taxes were less on the multifamily designation than indivdual
condos. Simple one page declaration of termination of condominium.





Sent from my Verizon, Samsung Galaxy smartphone





-------- Original message --------

From: Rob Rowley <rob at rowleylegal.com>

Date: 5/17/18 1:38 PM (GMT-05:00)

To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>

Subject: [WSBARP] Converting from Condo to Fee Simple?



How exactly does one go about converting a condominium (from 20+ years ago)
into fee simple lots?



A developer client has the opportunity to convert a largely failed rural
recreational condominiums into fee simple title lots which he can build
with single-family residences.



Statute you can point me to do?



Who has experience in this area for a referral?



Thank you.





[image: image002.jpg at 01D33EAD]*Robert R. Rowley* | Attorney at Law

7 S. Howard St, Suite 218

Spokane, WA  99201

Telephone: (509) 252-5074

Mobile: (509) 994-1143

Facsimile: (509) 928-3084

Email: rob at rowleylegal.com

Web Site: www.rowleylegal.com



Practice concentrated on business, real estate and general legal matters in
Washington and Idaho.



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