F.G. from Broward County, Florida writes:
Dear Mister Condo,
My daughter and I own a condo together. She lives in the unit full time. I want to remove my name from the deed and turn full ownership to her. Is this something I need to obtain the condo association’s approval?
Mister Condo replies:
F.G., depending on the wording in your association’s governing documents, you may very well need to have the association’s approval. For instance, let’s say you own a unit in an age-restricted community and your daughter has not yet reached the age limit. There may be language in the governing documents that limits ownership to persons over a certain age. In this case, transferring ownership to your daughter would be in direct violation of the age restriction. There are other items to consider as well. My advice would be for you to speak to a locally qualified attorney to make sure the transaction happens as smoothly and legally as possible. It may cost a little more money to use the attorney but it could prevent a myriad of legal woes for you and your daughter down the road. Good luck!