This OnDemand Webinar will identify important issues in forming commercial condominiums, with a focus on the distinctions between commercial condominiums and residential condominiums. This program will cover common and challenging operating issues with suggestions on how to minimize conflicts and harmonize uses within a commercial condominium. Included will be a discussion of common mistakes made in establishing and operating commercial condominiums. Current trends in commercial condominiums will be covered, including using commercial condominiums as zoning and financing tools.
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Formation
- Unit Boundaries
- Exteriors?
- Party Walls
- Flexible Unit Sizes
- Opt-Out of State Condominium Law?
- Complete OptOut
- Selective OptOut
- Mixed Use Issues
- Access
- Separate Lobbies and Elevators
What Is Commercial?
- Hotels
- Apartments
- Fractionals
Operating Issues
- Uses
- Compatibility
- Leave to Zoning Code?
- Signage
- Zoning Limits
- Allocation
- Parking
- Odors
- Noise
- Operating Hours
- Security
- HVAC and Other Services
- Nuisance
- Loading Docks/Freight Elevators/Deliveries
- Trash/Compactor/Recycling
- Security
- Allocation of Assessments
- General
- Basement and Other "BackOffice" Space
- Visibility
- Reserves
- Expansion Rights
- Physical
- Utility Expansion and Upgrades
- Utility Loads
- Roof Rights
- Outdoor Storage and Uses
- Insurance
- Shared?
- SelfInsurance Issues
Current Trends
- Specialty Condominiums
- Dockominiums, Equestrian, Storage, Classic Cars, Hunting, Hangars, ATVs?
- Condominiums as Financing Tools
- Government Financing
- Separate Financing
- Condominiums as Zoning Tools
- Subdivision Setback, Density, etc.
- Resort Development
- Securities Laws
- Marketing
- Fractional Programs
- Management
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on July 19, 2011.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Shaun McElhatton
Stinson Leonard Street LLP
- Shareholder in the Minneapolis-based law firm of Leonard, Street and Deinard
- Fellow of the American College of Real Estate Lawyers and a multi-year Super Lawyer
- Speaks frequently on issues related to condominiums, townhomes and cooperatives
- Drafted master covenants and sub-association documents for a mixed-use resort development in Costa Rica and was developer’s counsel for a luxury hotel constructed in an air-rights parcel as part of a large, mixed-use development in downtown Minneapolis
- Author whose publications include “Understanding the Challenge of Commercial Condos,” Minnesota Real Estate Journal, October 1, 2004 and “Beware When Condos aren’t Condos, but Securities,” Minnesota Real Estate Journal, August, 2007
- Member of the Minnesota Bar Association’s MCIOA Committee, the committee responsible for recommending and overseeing amendments to the Minnesota version of the Uniform Common Interest Ownership Act
- J.D. degree, Harvard Law School
- Can be contacted at 612-335-7086 or [email protected]
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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