January 18, 2008
What's hot in condominium development and operation?
The importance and impact of condominium developments for Ohioans cannot be overstated. From the large expandable condominium to the two unit, the high-rise condominium to the townhouse, the residential condominium to the commercial condominium to those condominiums containing both, condominiums are everywhere in central Ohio and attorneys everywhere need to be aware of the hot topics and trends affecting this unique form of property ownership.
You cannot tell a condominium by look, touch, or even use. It might be a duplex, a single family home development, attached row, ranch or town homes, an apartment building or complex, an industrial park, a commercial office building, or even an entire community. It might be residential housing, a shopping center, a high-rise, or even individual space. The Real Property Law Institute will devote one full hour to some of these topics with Kenton L. Kuehnle of Allen Kuehnle Stovall & Neuman and Calvin “Tom” Johnson Jr. of Loveland & Brosius discussing some of today’s hot topics in condominium law.
With today’s real estate market, it is important to gain an understanding of some of the challenges facing developers and associations when the development cannot proceed as originally planned. Discuss some of the methods of balancing the interests of the residential owners with those of the commercial owners in a mixed-use condominium development. Find out about the 2004 change in the condominium law that allows for the creation of “air-space” units and the complexities of their creation. Discover the use of the condominium device to convert twin-singles and duplexes into two-unit condominium communities and some of the issues associated with only having two owners. Learn about imposition of restrictions on the ability of a condominium unit owner to lease a unit.
In addition to hot topics regarding condominiums, the Real Property Institute will address The Many Faces of Mortgage Fraud; Lazarus, a Case Study in Green Construction; Tax Essentials for the Real Estate Lawyer; Commercial Leasing: Recent Cases and Troublesome Lease Provisions; Representative AIA 2007 Documents; New ConsensusDOCS Construction Contract Documents; Senate Bill 185 Issues; Professional Responsibility in Real Property Transactions; and An Owner’s Primer on Public Utility Service.
Spaces are filling quickly. Reserve your spot at Real Property Law Institute 2008, event #3703 (all day Thursday, January 31 and half day Friday, February 1) by registering online or by phoning 221.4112. This day and a half seminar provides 9.5 hours of CLE credit, including 1.0 ethics. Lunch on Thursday is provided by LandAmerica Commercial Services. Specialization credit has been granted, and real estate and title credit are pending. Cost for both days is $225 for members and $275 for non-members.