Developers want my condo, so how can I fight it?

Q: I enjoy reading your informative Q&A columns. I currently have a condo unit I rent out to a tenant. Recently a real estate developer called me and left a voice message about selling my unit at a premium. I am sure he has done this to the other condo unit owners in the building (about 80 units in the building). I am strongly reluctant to sell since I have plans to one day move back to the condo once my elementary school age kids get older.  My questions are: (1) How many units do they need to have a majority to force the sale of the entire building? (2) How to I prevent this from occurring (short of pleading with the other condo unit owners to not take the bait)?     Read the Q&A…………..


Related Articles

Owner of Aurora (CO) HOA management company allegedly diverted funds, state officials say

The owner of an Aurora-based community association management company voluntarily surrendered his license after there were complaints he was diverting

More Headaches Ahead for Millennium Tower Developer (CA)

More legal troubles are ahead for the developers of San Francisco’s controversial Millennium Tower. San Francisco city attorney Dennis Herrera

Portage County (OH) condominium complex sued; charged with federal housing violations

The U.S. Justice Department on Monday filed a lawsuit against the owners, builders and designers of a 54-unit condominium complex