P.R. from Maryland writes:
Dear Mister Condo,
I own three detached homes, each with individual tax id, and over their history independently owned. Can I convert the ownership of these three, as they are three in a row neighbor detached houses, into a condominium? If that is theoretically possible, perhaps it is worth investigating said conversion more. Thanks!
Mister Condo replies:
P.R., that is an interesting question and my answer involves you seeking the advice of a locally qualified attorney to assist you in your efforts. Of course, the first question that jumps into my mind is why would you want to do such a thing? A condominium is as much an idea as it is a physical place. Typically, permission is needed by the local municipality or zoning authority that may choose to restrict condominium development or deny your request, in which case your quest is ended. Provided there are no local obstacles to your plan, the next step would be to file the proper papers and form the non-profit real estate corporation that will become the association. In Maryland, that is known as the Establishment of Condominium Regime, which is a real fancy way of describing the process of filing papers. You can read all about it in the Maryland Condominium Act – http://www.sos.state.md.us/forms/CondominiumBooklet.pdf
As you know, I am neither an attorney nor an expert in Maryland condominium law, which brings me to the best piece of advice I can offer you. Speak with a locally qualified expert is this subject before undertaking such a legally binding undertaking. If you understand all that is involved and still feel that the venture is worth your time, effort, and money, then, by all means, go for it. All the best!