Everyone has a pretty good idea what a condo is. You own your dwelling; you and your neighbors own and maintain the common areas. Units can be sold separately.
Sounds simple. But legally, it is complex.
Some developers start with raw land, lay a foundation and build from an architect’s plans. Others convert an existing group of rental apartments, hotel rooms or townhouses. No matter the nature of the project, the legal requirements of local, state and federal governments are voluminous and precise.
Dealing with the issues and documentation requires knowledge, attention to endless detail, and a lot of caffeine.