Condominium Law Attorney Helping Residents of Rhode Island, Massachusetts and Connecticut
As populations grow, condominium associations become increasingly more prevalent as population density increases in preferred locations. Similarly, demographic and societal shifts see many retirees downsizing to condos and younger buyers preferring the convenience of a condo. Whether developing, forming or managing a condominium association, your needs are specific and require specialized attention. When dealing with the complexity of state and local law, plus the practical concerns of real estate, a general practice lawyer simply won’t do. At Palumbo Law, we specialize in real estate, with an emphasis on condominium law.
Lead attorney Richard Palumbo’s passion for condominium law began in law school when he purchased a lot with three homes with the intent to live in one and sell the other two. However, the local government denied his request to subdivide the land. As a result, Attorney Palumbo devoted himself to studying condominium law and used that knowledge to convert the homes into condominiums – eventually selling all three individually.
Attorney Palumbo has since used this technique to help others convert multifamily properties, commercial buildings, retail plazas, marinas, industrial parks and residential developments into condominium units. Once the condominium is created, our attorneys are available to assist the association with all aspects of condominium law including condominium collections at no cost to the association. At Palumbo Law, real-world experience and a practical approach to our practice results in unparalleled counsel and representation.
Representing Condominium Associations in Rhode Island, Massachusetts and Connecticut
At Palumbo law, our attorneys provide full-service legal counsel to condominium associations, addressing all aspects of legal needs including:
- Condominium Assessment Collection and Lien Foreclosures. We collect past due condo assessments, fees, and/or dues, as well as handle lien foreclosures, at no cost or charge to the condominium association. Our collection work and lien foreclosure fees are paid for by the condominium unit owners or the holder of the first mortgage – not the condominium association.
- Condominium Association Loans. With significant experience representing both lenders and borrowers, our attorneys are able to maneuver around the lender’s sticking points to ensure that your condominium association gets the terms it needs. Importantly, we are one of only a few law firms that close condominium association revenue stream loans – meaning we’re in your corner from start to finish.
- FHA Certification and Recertification. For prospective buyers to be able to finance their purchase with an FHA loan, condominium associations must be FHA-approved through a certification and recertification process. Our blog post provides more information on FHA-approved condominiums.
- Resale Certificates. Although the specific legal requirements vary from state-to-state, resale certificates must be provided to prospective condo unit buyers. Our attorneys work with condominium associations to prepare the documentation for resale certificates in the manner prescribed by relevant state and local law.
- Insurance Adjusting of Large Losses and Litigation for Denial or Delay of a Claim.
- Drafting, Amending, and Reviewing Condominium documents.
- Formation of New Condominiums and Condominium Conversions.
- Dispute Resolution & Litigation.
Condominium Assessments and Dues
Condominium assessments, including monthly condominium fees and the timely payment thereof, are essential to condominium associations. Generally, condominium associations are responsible for paying a number of expenses including but not limited to: water, sewer, insurance, maintenance and management. If the condominium association does not collect these monthly condominium dues or assessments from the unit owners, then the condominium association may not be able to pay its bills. At Palumbo Law, we can eliminate collection headaches for condominium associations at no cost to the association.
Condominium Collection Procedures
Condominium associations must establish a collection procedure for collecting assessments and dues. These collection procedures should always be tailored to the specific needs of the condominium association. At Palumbo Law, our depth of condominium law experience ensures that our collection procedures are custom-tailored to your association’s needs, at no cost to the association.
In addition to the services identified above, we provide general legal counsel to condominium associations, such as advising the board of directors on compliance issues under state and local laws.
As a condominium association, your needs are specialized – so should your legal counsel. At Palumbo Law, we are condominium law specialists combining practical experience with a practical approach to provide legal service specific to your needs.
Representing Condominium Developers in Rhode Island, Massachusetts and Connecticut
By combining decades of experience in real estate law and condominium law, our attorneys provide exceptional legal counsel to condominium developers. We provide all aspects of legal representation to condominium developers including:
- Drafting and negotiating purchase and sale agreements.
- Assisting with due diligence.
- Title search and title insurance.
- Developer representation at purchase closing.
- Land use approvals.
- Drafting and amending condominium documents.
- Developer representation at sale of units.
“One-stop Shop” For Condominium Associations and Developers
We are a “one-stop shop” for condominium associations and developers. We offer exceptional value and security in preparing condominium documents. Unlike other firms that rely on hourly billings, we offer competitive, flat-fee arrangements for condominium documents. This means that as a condominium association or developer, there are no surprise bills – you know the cost up-front and can budget accordingly. Additionally, as one of the most active condominium law firms in Rhode Island, Massachusetts and Connecticut, our experience ensures that our condominium documents are the most current and advanced, incorporating modern trends and heading off emerging risks. Our flat-fee condo document packages include the following:
- Declaration of condominium;
- Rules and regulations;
- Sample amendment;
- Sample unit owner’s deed;
- Sample proxy;
- Sample certificate of completion;
- Limitation of warranty;
- Public offering statement; and
- Custom drafted purchase and sale agreement.
Condominium Law Attorney in Rhode Island, Massachusetts and Connecticut
Condominium law is a unique aspect of real estate law. Our highly capable condominium legal team routinely provides superior legal representation to condominium associations and developers. Call our office today to set up a consultation or complete the contact form on our website.