[WSBARP] Converting from Condo to Fee Simple?

Thu May 17 13:28:05 PDT 2018

Does it comply with zoning?  Platting requirements?

Very Truly Yours,

Robert R. Cole

Law Office of Cole & Gilday, P.C.

10101 - 270th St. NW

Stanwood, WA 98292

(360) 629-2900 (Telephone)

(360) 629-0220 (Fax)

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On 5/17/2018 12:44 PM, nestor at pplsweb.com wrote:
>
> 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> 
> [mailto: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 
> <mailto: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 <mailto:rob at rowleylegal.com>>
>
> Date: 5/17/18 1:38 PM (GMT-05:00)
>
> To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com 
> <mailto: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.
>
> **
>
> 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 <mailto:rob at rowleylegal.com>
>
> Web Site: www.rowleylegal.com <http://www.rowleylegal.com/>
>
> Practice concentrated on business, real estate and general legal 
> matters in Washington and Idaho.
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