Condoleezza Rice

Condoleezza Rice (born November 14, 1954) is a professor, diplomat, author, and national security expert. She served as the 66th United States Secretary of State, and the second in the administration of President George W. Bush to hold the office. Rice was the first black woman, second African American (after her predecessor Colin Powell, who served from 2001 to 2005), and the second woman (after Madeleine Albright, who served from 1997 to 2001 in the Clinton Administration) to serve as Secretary of State. Rice was President Bush's National Security Advisor during his first term. Before joining the Bush administration, she was a professor of political science at Stanford University where she served as Provost from 1993 to 1999. During the administration of George H.W. Bush, Rice served as the Soviet and East European Affairs Advisor during the dissolution of the Soviet Union and German reunification. When beginning as Secretary of State, Rice pioneered a policy of Transformational Diplomacy, with a focus on democracy in the greater Middle East. Her emphasis on supporting democratically elected governments faced challenges as Hamas captured a popular majority in Palestinian elections yet supported Islamist militants, and influential countries including Saudi Arabia and Egypt maintained authoritarian systems with U.S. support. While Secretary of State, she chaired the Millennium Challenge Corporation's board of directors.[1] In March 2009, Rice returned to Stanford University as a political science professor and the Thomas and Barbara Stephenson Senior Fellow on Public Policy at the Hoover Institution.[2][3] Early life Condoleezza Rice (whose given name is derived from the Italian musical expression, Con dolcezza, which means "with sweetness")[4] was born in Birmingham, Alabama, and grew up in the neighborhood of Titusville. She traces her roots to pre-Civil War African Americans in the American South,[5] where her family worked as sharecroppers. She is the only child of Presbyterian minister Reverend John Wesley Rice, Jr., and wife, Angelena Ray. Reverend Rice was a guidance counselor at Ullman High School and minister of Westminster Presbyterian Church, which had been founded by his father. Angelena was a science, music, and oratory teacher at Ullman.[6] Early education Condoleezza Rice as an undergraduate student at the University of Denver Rice started learning French, music, figure skating and ballet at age three.[7] At age 15, she began classes with the goal of becoming a concert pianist. Her plans changed when she realized that she did not play well enough to support herself through music alone.[8] While Rice is not a professional pianist, she still practices often and plays with a chamber music group. Rice made use of her pianist training to accompany cellist Yo-Yo Ma for Brahms's Violin Sonata in D Minor at Constitution Hall in April 2002 for the National Medal of Arts Awards.[9] High school and university education In 1967, the family moved to Denver, Colorado. She attended St. Mary's Academy, a private all-girls Catholic high school in Cherry Hills Village, Colorado. After studying piano at the Aspen Music Festival and School, Rice enrolled at the University of Denver, where her father both served as an assistant dean and taught a class called "The Black Experience in America." Dean John Rice opposed institutional racism, government oppression, and the Vietnam War. Rice attended a course on international politics taught by Josef Korbel, the father of future Secretary of State Madeleine Albright. This experience sparked her interest in the Soviet Union and international relations and made her call Korbel "one of the most central figures in my life."[10] Rice graduated from St. Mary's Academy in 1970. In 1974, at age 19, Rice earned her BA in political science, Phi Beta Kappa, from the University of Denver. In 1975, she obtained her Master's Degree in political science from the University of Notre Dame. She first worked in the State Department in 1977, during the Carter administration, as an intern in the Bureau of Educational and Cultural Affairs. In 1981, at the age of 26, she received her PhD in Political Science from the Josef Korbel School of International Studies at the University of Denver. Her dissertation along with some of her earliest publications, centered on military policy and politics in Czechoslovakia.[11] Early political views Rice was a Democrat until 1982 when she changed her political affiliation to Republican after growing averse to former President Jimmy Carter's foreign policy.[12][13] She cites influence from her father, John Wesley, in this decision, who himself switched from Democrat to Republican after being denied voting registration by the Democratic registrar. In her words to the 2000 Republican National Convention, "My father joined our party because the Democrats in Jim Crow Alabama of 1952 would not register him to vote. The Republicans did."[14] However, despite her party switch, Rice served as foreign policy advisor to the presidential campaign of Democratic U.S. Senator Gary Hart of Colorado during the 1984 primaries.[15] Academic career Condoleezza Rice during a 2005 interview on ITV in London Rice was hired by Stanford University as an Assistant Professor of Political Science (1981–1987). She was promoted to Associate Professor in 1987, a post she held until 1993. She was a specialist on the Soviet Union and gave lectures on the subject for the Berkeley-Stanford joint program led by UC Berkeley Professor George Breslauer in the mid-1980s. At a 1985 meeting of arms control experts at Stanford, Rice's performance drew the attention of Brent Scowcroft, who had served as National Security Advisor under Gerald Ford.[16] With the election of George H. W. Bush, Scowcroft returned to the White House as National Security Adviser in 1989, and he asked Rice to become his Soviet expert on the United States National Security Council. According to R. Nicholas Burns, President Bush was "captivated" by Rice, and relied heavily on her advice in his dealings with Mikhail Gorbachev and Boris Yeltsin.[16] Because she would have been ineligible for tenure at Stanford if she had been absent for more than two years, in 1991, she returned to Stanford. She was now taken under the wing of George P. Shultz (Ronald Reagan's Secretary of State from 1982–1989), who was a fellow at the Hoover Institution. Shultz included Rice in a "luncheon club" of intellectuals who met every few weeks to discuss foreign affairs.[16] In 1992, Shultz, who was a board member of Chevron Corporation, recommended Rice for a spot on the Chevron board. Chevron was pursuing a $10 billion development project in Kazakhstan and, as a Soviet specialist, Rice knew the President of Kazakhstan, Nursultan Nazarbayev. She traveled to Kazakhstan on Chevron's behalf and, in honor of her work, in 1993, Chevron named a 129,000-ton supertanker SS Condoleezza Rice.[16] During this period, Rice was also appointed to the boards of Transamerica Corporation (1991) and Hewlett-Packard (1992). At Stanford, in 1992, Rice volunteered to serve on the search committee to replace outgoing president Donald Kennedy. The committee ultimately recommended Gerhard Casper, the Provost of the University of Chicago. Casper met Rice during this search, and was so impressed that in 1993, he appointed her as Stanford's Provost, the chief budget and academic officer of the university in 1993[16] and she also was granted tenure and became full Professor[17] Rice was the first female, first minority, and youngest Provost at Stanford.[18] She was also named a Senior Fellow of the Institute for International Studies, and a Senior Fellow (by courtesy) of the Hoover Institution. Provost promotion Former Stanford President Gerhard Casper said the university was "most fortunate in persuading someone of Professor Rice's exceptional talents and proven ability in critical situations to take on this task. Everything she has done, she has done well; I have every confidence that she will continue that record as provost."[19] Rice’s Stanford appointment was considered, by Casper, an effort to address concerns about alleged bias at Stanford University. Casper told the New Yorker in 2002 that it "would be disingenuous for me to say that the fact that she was a woman, the fact that she was black... weren't in my mind."[20] Balancing school budget As Stanford's Provost, Rice was responsible for managing the university's multi-billion dollar budget. The school at that time was running a deficit of $20 million. When Rice took office, she promised that the budget deficit would be balanced within "two years." Coit Blacker, Stanford's deputy director of the Institute for International Studies, said there "was a sort of conventional wisdom that said it couldn't be done... that [the deficit] was structural, that we just had to live with it." Two years later, Rice announced that the deficit had been eliminated and the university was holding a record surplus of over $14.5 million.[21] Special interest issues Rice drew protests when, as provost, she departed from the practice of applying affirmative action to tenure decisions and unsuccessfully sought to consolidate the university's ethnic community centers.[22] Return to Stanford During a farewell interview in early December 2008, Rice indicated she would return to Stanford and the Hoover Institution, "back west of the Mississippi where I belong", but beyond writing and teaching did not specify what her role would be.[23] Rice's plans for a return to campus were elaborated in an interview with the Stanford Report in January 2009.[24] She returned to Stanford as a political science professor and senior fellow at the Hoover Institution on March 1, 2009.[25] Music Yo-Yo Ma with Rice after performing together at the 2001 National Medal of Arts and National Humanities Medal Awards Rice is an accomplished pianist and has performed in public since she was a young girl. At the age of 15, she played Mozart with the Denver Symphony, and to this day she plays regularly with a chamber music group in Washington.[9] She does not play professionally, but has performed at diplomatic events at embassies, including a performance for Queen Elizabeth II,[26][27] and she has performed in public with cellist Yo-Yo Ma. She has stated that her favorite composer is Johannes Brahms, because she thinks Brahms's music is "passionate but not sentimental." On a contrary note, on Friday, April 10, 2009 on The Tonight Show with Jay Leno, she stated that her favourite band was Led Zeppelin. Private sector Rice headed Chevron's committee on public policy until she resigned on January 15, 2001, to become National Security Advisor to President George W. Bush. Chevron, for unspecified reasons, honored Rice by naming an oil tanker Condoleezza Rice after her, but controversy led to its being renamed Altair Voyager.[28] She also served on the board of directors for the Carnegie Corporation, the Charles Schwab Corporation, the Chevron Corporation, Hewlett Packard, the Rand Corporation, the Transamerica Corporation, and other organizations. In 1992, Rice founded the Center for New Generation, an after-school program created to raise the high school graduation numbers of East Palo Alto and eastern Menlo Park, California.[29] After her tenure as secretary of state, Rice was approached in February 2009 to fill an open position as a Pac-10 Commissioner, but[30] chose instead to return to Stanford University as a political science professor and the Thomas and Barbara Stephenson Senior Fellow on Public Policy at the Hoover Institution. She has also been discussed as possible commissioner of football. Early political career In 1986, while an international affairs fellow of the Council on Foreign Relations, Rice served as Special Assistant to the Director of the Joint Chiefs of Staff. From 1989 through March 1991 (the period of the fall of Berlin Wall and the final days of the Soviet Union), she served in President George H.W. Bush's administration as Director, and then Senior Director, of Soviet and East European Affairs in the National Security Council, and a Special Assistant to the President for National Security Affairs. In this position, Rice helped develop Bush's and Secretary of State James Baker's policies in favor of German reunification. She impressed Bush, who later introduced her to Soviet leader Mikhail Gorbachev as the one who "tells me everything I know about the Soviet Union."[31] In 1991, Rice returned to her teaching position at Stanford, although she continued to serve as a consultant on the former Soviet Bloc for numerous clients in both the public and private sectors. Late that year, California Governor Pete Wilson appointed her to a bipartisan committee that had been formed to draw new state legislative and congressional districts in the state. In 1997, she sat on the Federal Advisory Committee on Gender-Integrated Training in the Military. During George W. Bush's 2000 presidential election campaign, Rice took a one-year leave of absence from Stanford University to help work as his foreign policy advisor. The group of advisors she led called itself The Vulcans in honor of the monumental Vulcan statue, which sits on a hill overlooking her hometown of Birmingham, Alabama. Rice would later go on to give a noteworthy speech at the 2000 Republican National Convention. The speech asserted that "...America's armed forces are not a global police force. They are not the world's 911."[14][32] National Security Advisor (2001–2005) Rice, Secretary of State Colin Powell, and Secretary of Defense Donald Rumsfeld listen to President George W. Bush speak about the Middle East on June 24, 2002 On December 17, 2000, Rice was named as National Security Advisor and stepped down from her position at Stanford.[33] She was the first woman to occupy the post. Rice earned the nickname of "Warrior Princess," reflecting strong nerve and delicate manners.[34] On January 18, 2003, the Washington Post reported that Rice was involved in crafting Bush's position on race-based preferences. Rice has stated that "while race-neutral means are preferable," race can be taken into account as "one factor among others" in university admissions policies.[35] Terrorism During the summer of 2001, Rice met with CIA Director George Tenet to discuss the possibilities and prevention of terrorist attacks on American targets. Notably, on July 10, 2001, Rice met with Tenet in what he referred to as an "emergency meeting"[36] held at the White House at Tenet's request to brief Rice and the NSC staff about the potential threat of an impending al Qaeda attack. Rice responded by asking Tenet to give a presentation on the matter to Secretary Donald Rumsfeld and Attorney General John Ashcroft.[37] When asked about the meeting in 2006, Rice asserted she did not recall the specific meeting, commenting that she had met repeatedly with Tenet that summer about terrorist threats. Moreover, she stated that it was "incomprehensible” to her that she had ignored terrorist threats two months before the September 11 attacks.[36] Subpoenas In March 2004, Rice declined to testify before the National Commission on Terrorist Attacks Upon the United States (the 9/11 Commission). The White House claimed executive privilege under constitutional separation of powers and cited past tradition. Under pressure, Bush agreed to allow her to testify[38] so long as it did not create a precedent of presidential staff being required to appear before United States Congress when so requested. Her appearance before the commission on April 8, 2004, was accepted by the Bush administration in part because she was not appearing directly before Congress. She thus became the first sitting National Security Advisor to testify on matters of policy. In April 2007, Rice rejected, on grounds of executive privilege, a House subpoena regarding the prewar claim that Iraq sought yellowcake uranium from Niger.[39] Iraq Rice was an outspoken proponent of the 2003 invasion of Iraq. After Iraq delivered its declaration of weapons of mass destruction to the United Nations on December 8, 2002, Rice wrote an editorial for The New York Times entitled "Why We Know Iraq Is Lying".[40] Leading up to the 2004 presidential election, Rice became the first National Security Advisor to campaign for an incumbent president. She stated that while: "Saddam Hussein had nothing to do with the actual attacks on America, Saddam Hussein's Iraq was a part of the Middle East that was festering and unstable, [and] was part of the circumstances that created the problem on September 11."[41] Weapons of mass destruction In a January 10, 2003 interview with CNN's Wolf Blitzer, Rice made headlines by stating regarding Iraqi WMD: "The problem here is that there will always be some uncertainty about how quickly he can acquire nuclear weapons. But we don't want the smoking gun to be a mushroom cloud."[42] After the invasion, when it became clear that Iraq did not have nuclear WMD capability, critics called Rice's claims a "hoax," "deception" and "demagogic scare tactic."[43][44] "Either she missed or overlooked numerous warnings from intelligence agencies seeking to put caveats on claims about Iraq's nuclear weapons program, or she made public claims that she knew to be false," wrote Dana Milbank and Mike Allen in the Washington Post.[45] Rice characterized the August 6, 2001 President's Daily Brief Bin Ladin Determined To Strike in US as historical information. Rice indicated "It was information based on old reporting."[46] Sean Wilentz of Salon magazine suggested that the PDB contained current information based on continuing investigations, including that Bin Laden wanted to "bring the fighting to America."[47]

Condoleezza Rice

Role in authorizing enhanced interrogation techniques A Senate Intelligence Committee reported that on July 17, 2002, Rice met with CIA director George Tenet to personally convey the Bush administration's approval of the proposed waterboarding of alleged Al Qaeda leader Abu Zubaydah. "Days after Dr Rice gave Mr Tenet her approval, the Justice Department approved the use of waterboarding in a top secret August 1 memo." [48] Waterboarding is considered to be torture by a wide range of authorities, including legal experts,[49][50][51][52] war veterans,[53][54] intelligence officials,[55] military judges,[56] human rights organizations,[57][58][59][59][60] [61][62][63][64] the U.S. Attorney General Eric Holder,[65][66][67][68] and many senior politicians, including U.S. President Barack Obama.[69] In 2003 Rice, Vice President Dick Cheney and Attorney General John Ashcroft met with the CIA again and were briefed on the use of waterboarding and other methods including week-long sleep deprivation, forced nudity and the use of stress positions. The Senate report says that the Bush administration officials "reaffirmed that the CIA program was lawful and reflected administration policy".[48] The Senate report also "suggests Miss Rice played a more significant role than she acknowledged in written testimony to the Senate Armed Services Committee submitted in the autumn."[48] At that time, she had acknowledged attending meetings to discuss the CIA interrogations, but she claimed that she could not recall the details, and she "omitted her direct role in approving the programme in her written statement to the committee."[70] In a conversation with a student at Stanford University in April 2009, Rice stated that she did not authorize the CIA to use the interrogation techniques. Said Rice, "I didn't authorize anything. I conveyed the authorization of the administration to the agency that they had policy authorization, subject to the Justice Department's clearance. That's what I did."[71] She added, “We were told, nothing that violates our obligations under the Convention Against Torture. And so, by definition, if it was authorized by the president, it did not violate our obligations under the Conventions Against Torture.”[71] Secretary of State (2005–2009) Main article: Condoleezza Rice's tenure as Secretary of State Rice signs official papers after receiving the oath of office during her ceremonial swearing in at the Department of State. Watching on are, from left, Laura Bush, Justice Ruth Bader Ginsburg, President George W. Bush and an unidentified family member. On November 16, 2004, Bush nominated Rice to be Secretary of State. On January 26, 2005, the Senate confirmed her nomination by a vote of 85-13. The negative votes, the most cast against any nomination for Secretary of State since 1825, came from Senators who, according to Senator Barbara Boxer, wanted "to hold Dr. Rice and the Bush administration accountable for their failures in Iraq and in the war on terrorism." Their reasoning was that Rice had acted irresponsibly in equating Hussein's regime with Islamist terrorism and some could not accept her previous record. Senator Robert Byrd voted against Rice’s appointment, indicating that she "has asserted that the President holds far more of the war power than the Constitution grants him."[72] As Secretary of State, Rice has championed the expansion of democratic governments. Rice stated that the September 11 attacks in 2001 were rooted in "oppression and despair" and so, the US must advance democratic reform and support basic rights throughout the greater Middle East.[73] Rice has also reformed and restructured the department, as well as US diplomacy as a whole. "Transformational Diplomacy" is the goal that Rice describes as "work[ing] with our many partners around the world... [and] build[ing] and sustain[ing] democratic, well-governed states that will respond to the needs of their people and conduct themselves responsibly in the international system."[74] As Secretary of State, Rice traveled widely and initiated many diplomatic efforts on behalf of the Bush administration. As of September 7, 2008 Secretary Rice has visited 83 countries, traveling for 2118.19 hours (88.26 days) over a total distance of 1,006,846 miles (1,620,362 km).[75] Speculation on 2008 presidential campaign, views on successor There had been previous speculation that Rice would run for the Republican nomination in the 2008 primaries, which she ruled out on Meet the Press. On February 22, 2008, Rice played down any suggestion that she may be on the Republican vice presidential ticket, saying, "I have always said that the one thing that I have not seen myself doing is running for elected office in the United States."[76] During an interview with the editorial board of the Washington Times on March 27, 2008, Rice said she was "not interested" in running for vice president.[77] However, in a Gallup poll from March 24 to 27, 2008, Rice was mentioned by eight percent of Republican respondents to be their first choice to be Senator John McCain's Republican Vice-Presidential running mate, slightly behind Mike Huckabee and Mitt Romney.[78] There was speculation that she was not chosen as a Vice-Presidential candidate because of rumors that she was a lesbian, which could have soured evangelicals to the ticket.[79] Republican strategist Dan Senor said on ABC's This Week on April 6, 2008, that "Condi Rice has been actively, actually in recent weeks, campaigning for" the vice presidential nomination. He based this assessment on her attendance of Grover Norquist's Americans for Tax Reform conservative leader's meeting on March 26, 2008.[80] In response to Senor's comments, Rice's spokesperson denied that Rice is seeking the vice presidential nomination, saying, "If she is actively seeking the vice presidency, then she's the last one to know about it."[81] In August 2008, the speculation about a potential McCain-Rice ticket finally ended when Governor Sarah Palin was selected as McCain's running-mate. In early December 2008, Rice praised President-elect Barack Obama's selection of New York Senator Hillary Clinton to succeed her as Secretary of State, saying "she's terrific". Rice, who has spoken to Clinton since her selection, said Clinton "is someone of intelligence and she'll do a great job".[82]

Crisp, Country-Club Atmosphere Of One Of The Newest Big Island Hawaii Resorts

>> Friday, June 12, 2009

Quietly tucked away along the Big Island's sunny Kohala Coast,Outrigger Fairway Villas offers the crisp style, gracious elegance, and modern sophistication of a virtually brand, new condominium, opened in 2004. Experience this picture-perfect destination - voted the premier family getaway and the best overall value in the Outrigger Condominium Collection by former guests. Discover a higher standard of living amid the renowned Waikoloa Beach Resort, where a calm, breezy country-club atmosphere prevails. A natural choice for golfers, this peaceful Hawaii resort destination is bordered by the emerald fairways of the Waikoloa Beach Golf Course - home of the most spectacular oceanfront par-five in Hawaii. Additional leisure activities abound here, satisfying every imaginable taste. Browse the diverse boutiques and restaurants of Kings' Shops and Queens' MarketPlace. Charter a deep-sea fishing adventure. Scale the heights of Mauna Kea, or brave the churning calderas of the island's active volcanoes. At the end of the day, unwind in our lava-rock whirlpool spa, or simply retreat to your delightfully spacious, plantation-style Hawaiian vacation villa. Experience the height of contemporary comfort at this all-new Big Island resort. 

  • Serene setting, located on the Kohala Coast, bordered by two legendary golf courses in the exclusive Waikoloa Beach Resort on the Big Island
  • #1 family getaway and the best overall value in the Outrigger Condominium Collection, according to the brand's guest-satisfaction survey
  • Deluxe two-bedroom, two-bedrrom + loft, and three-bedroom villas, featuring upscale décor, tasteful furnishings, washer / dryer, and air conditioning
  • State-of-the-art kitchen in each villa, with natural stone countertops and stainless-steel appliances, including dishwasher, full refrigerator, and microwave
  • Infinity pool, lava rock whirlpool spa, and fitness room
  • Barbeque grills
  • Special rates for championship golf at Waikoloa Resort's Beach and King's Course
  • Complimentary guest parking and maid service
  • Island Explorer Kits, to use in discovering Hawaii's ecology, free for kids 5 to 10 traveling with parents and staying at least three nights
  • Short walk to Waikoloa Kings' Shops and Queens' MarketPlace for formal and informal dining, shops, galleries, and entertainment; click here to view a map
  • Just a short stroll to historic Anaehoomalu Bay, and a brief drive from four other beaches
  • Only 25 minutes north of the Kona Airport
  • Check-in / check-out at the Outrigger Condominium Collection office at Kings' Shops, just a five-minute walk from the property
  • Exceptional value for small groups and families, with spacious two- and three-bedroom units that sleep up to six and eight, respectively
  • Minimum two-night stay required
Click here for more about Amenities & Services at our Waikoloa Beach Resort. 

Your desire for a unique getaway is ours to fulfill. Soak up stunning vistas from a breeze-cooled lanai. Treat yourself to a challenging round of golf on championship greens. Plunge into an undersea adventure of colorful reef fish and gardens of coral. Or simply wander barefoot on soft warm sands. Look to the Outrigger Condominium Collection to make your Hawaii beach vacation - or any other dream come true - with an island location that's just for you. Book one of our contemporary-style Wailokoa resort condos with us online today for the authentic Outrigger experience.* 

Click here for More Outrigger Condo Settings for Hawaii Travel & Vacation Getaways. 

Read more...

Besides including the statutory law

Besides including the statutory law that regulates the operation of condos in California, this book explains everything homeowners need to know about how condos and planned developments work and their rights and responsibilities as owners.

A Peek Inside Chapter 1: California Condominium Law- An Overview

I. Common Interest Developments
The term “common interest development” (or”CID”) describes a form of real estate where each owner holds exclusive rights to a portion of the property typically called a unit or lot, and shared rights to portions of the property called the common area.

Members of homeowners’ association are the owners of the individual units or lots, and the terms “members” and “owners” are used interchangeably in this chapter.

A. Types of Common Interest Development

The most numerous forms of CIDs, and the focus of The Condominium Bluebook, are the condominium and the planned development. The two other types of CIDs, the stock cooperative and the community apartment, are far less common and only briefly discussed in The Condominium Bluebook, although they are governed by many of the same laws. For additional information, See Civil Code 1351, in Chapter 2. A timeshare and a tenancy-in-common are not CIDs.

Other types of common interest developments that are becoming increasingly common, particularly in large urban areas, are the mixed-use condominium development and live-work lofts. Live-work lofts typically are conventional condominiums zoned for both residential and commercial use. The mixed-use development combines a commercial (or more rarely, an industrial) component. The commercial component is governed by a commercial association, and the residential component is governed by a residential association. The mixed-use project as a whole is governed by a master association of which both the commercial and the residential association are members. In a mixed-use common interest development, the commercial (or industrial) association will generally be exempt from certain requirements of the Davis-Sterling Act, Civil Code 1350 et seq, in Chapter 2. However, the residential and master associations will not be exempt from these requirements. For more information, see “Reporting Requirements for Mixed-Use Developments” at page 48 of this chapter; see also Civil Code 1373 in Chapter 2.

From Pg 1 of The Condominium Bluebook

Further Topics Covered in Chapter 1- An Overview of Condominium Law

Types of Common Interest Developments
Homeowner Association Legal Structure and Governing Documents
Ownership, Access and Usage
Homeowner Association Powers and Control, Officers and Committees
Condominium Managers
Budgets and Financial Management
Common Area Management and Maintenance
Improvements and Alterations
Construction Defects and Disclosures
Condominium Insurance Issues
Usage Restrictions (Signs, flags, parking, leasing, antennas)
Mortgages and Liens
Disputes between an Owner and the Homeowners’ Association
Disciplinary Action Against an Owner by the Homeowners Association
Disputes between Individual Owners
Alternative Dispute Resolution
Removal of Vehicles from Common Interest Developments

Statutes Included in the 2008 Edition:

UNITED STATES CODE ANNOTATED
4 U.S.C.A. § 5 Note. Freedom To Display The American Flag Act Of 2005

INTERNAL REVENUE CODE
I.R.C. § 528. Certain Homeowner Associations

CALIFORNIA BUSINESS AND PROFESSIONS CODE
§ 11500. Definitions 
§ 11501. “Common Interest Development Manager” 
§ 11502. “Certified Common Interest Development Manager”
§ 11502.5. Competency Examinations 
§ 11503. Exception
§ 11504. Disclosures 
§ 11505. Unfair Business Practice 
§ 11506. Expiration

CIVIL CODE
§ 43.99. Liability Of Independent Quality Review Provider 
§ 51. Unruh Civil Rights Act 
§ 51.1. Actions Requiring Copy Of Petition And Brief To Be Served On State Solicitor General 
§ 51.2. Housing Discrimination Prohibited Based On Age 
§ 51.3. Establishing And Preserving Accessible Housing For Senior Citizens 
§ 51.4. Senior Housing Constructed Prior To 1982- Exemption From Design Requirments 
§ 51.5. Discrimination By Business Establishment Prohibited 
§ 51.6. Gender Tax Repeal Act of 1995 
§ 51.7. Freedom From Violence; “Sexual Orientation” Defined 
§ 51.8. Discrimination In Granting Of Franchises Prohibited 
§ 51.9. Elements Required For Cause Of Action For Sexual Harrassment 
§ 51.10. Riverside County-Housing Discrimination Prohibited Based Upon Age 
§ 51.11. Riverside County-Establishing And Preserving Accessible Housing For Senior Citizens 
§ 51.12. Riverside County-Continuing Occupancy Of Certain Exempt Housing 
§ 52. Penalty For Discrimination 
§ 52.1. Interference With Exercise of Civil Rights - Remedies 
§ 53. Discriminatory Restrictions On Ownership Or Use Of Real Property Void 
§ 712. Real Estate Sales; Prohibition Of Signs Void; Permissible Displays 
§ 713. Display Of “For Sale” Signs 
§ 714. Voidability Of Covenants Restricting Solar Energy Systems; Application For Approval; Penalties 
§ 714.1. Restrictions By Common Interest Development On Installation Of Solar Energy Systems In Common Areas 
§ 895. Requirements For Actions For Construction Defects; Definitions 
§ 896. Standards For Original Construction 
§ 897. Inclusion Of Items Not Addressed 
§ 900. Warranty Covering Fit And Finish Items 
§ 901. Enhanced Protection Agreement
§ 902. Applicability Of Civ. Code §§ 896 And 897 To Enhanced Protection Agreement 
§ 903. Enhanced Protection Agreement - Builder Duties 
§ 904. Enforcement Of Construction Standards 
§ 905. Action To Enforce Construction Standards 
§ 906. Builder’s Election 
§ 907. Homeowner Maintenance Obligations 
§ 910. Required Procedures Prior To Filing Action For Violation Of Construction Standards .
§ 911. “Builder” Defined 
§ 912. Builder’s Duties 
§ 913. Written Acknowledgement Of Receipt Of Notice 
§ 914. Nonadversarial Procedure Established 
§ 915. Actions Resulting In Nonapplication Of Chapter 
§ 916. Builder’s Investigation Of Claimed Unmet Standards 
§ 917. Offer To Repair 
§ 918. Homeowner Acceptance Of Offer To Repair 
§ 919. Offer To Mediate Dispute 
§ 920. Actions Resulting In Filing Of Action By Homeowner 
§ 921. Procedure When Resolution Involves Repair By Builder .
§ 922. Observation And Recording Of Repair Allowed 
§ 923. Full Disclosure Of Repairs 
§ 924. Written Explanation Of Unrepaired Items 
§ 925. Failure To Timely Complete Repairs 
§ 926. Release Or Waiver In Exchange For Repair Work Prohibited 
§ 927. Statute Of Limitations 
§ 928. Mediation Procedure 
§ 929. Cash Offer In Lieu Of Repair 
§ 930. Strict Construction Of Requirements; Failure To Conform 
§ 931. Claim Combined With Other Causes of Action 
§ 932. Subsequently Discovered Claims 
§ 933. Evidence Of Repair Work 
§ 934. Evidence Of Parties’ Conduct 
§ 935. Similar Requirements Of Civil Code § 1375 
§ 936. Liability Of Subcontractors 
§ 937. Claims And Damages Not Covered By Title 
§ 938. Application Of Title 
§ 941. Time Limit For Bringing Action 
§ 942. Claims Involving Residential Construction Standards 
§ 943. Other Causes Of Action; Claims Involving Detached Single- Family Homes 
§ 944. Damages 
§ 945. Original Purchasers And Successors-In-Interest .
§ 945.5. Affirmative Defenses 
§ 1134. Required Disclosure Before Sale Of Newly Converted Condominium 
§ 1350. Short Title 
§ 1350.5. Headings
§ 1350.7. Delivery 
§ 1351. Definitions 
§ 1352. Requirements For Creation Of Common Interest Development 
§ 1352.5. Covenants in Violation Of Gov’t Code § 12955; Action For Injunctive Relief 
§ 1353. Contents Of Declaration 
§ 1353.5. Right To Display The American Flag 
§ 1353.6. Displaying Of Noncommercial Signs Or Flags 
§ 1353.8. Use Of Low Water-Using Plants 
§ 1354. Covenants And Restrictions In Declaration Enforcement 
§ 1355. Amendment Of Declaration 
§ 1355.5. Amendment To Delete Developer Provisions 
§ 1356. Petition To Court To Reduce Percentage Of Affirmative Votes To Amend Declaration; Recording Amendment; Mailing 
§ 1357. Extending Term Of Declaration 
§ 1357.100. “Operating Rule” And “Rule Change” Defined 
§ 1357.110. Validity 
§ 1357.120. Application 
§ 1357.130. Notice Of Rule Change 
§ 1357.140. Special Meeting Of Members To Reverse A Rule Change 
§ 1357.150. Effective Date 
§ 1358. Interests Included In Conveyance, Judicial Sale Or Transfer Of Separate Interests; Transfers Of Exclusive Use Areas; Restrictions Upon Severability Of Component Interests 
§ 1359. Restrictions On Partition Of Common Areas 
§ 1360. Modification Of Unit By Owner; Facilitation Of Access For Handicapped; Association Approval 
§ 1360.5. Pet Provision 
§ 1361. Rights Or Easements In Common Area 
§ 1361.5. Denial Of Access To Owner’s Separate Interest 
§ 1362. Ownership Of Common Areas 
§ 1363. General Powers And Duties Of Association; Meetings; Access To Records; Disciplinary Action 
§ 1363.001. On-line Education Course 
§ 1363.03. Adoption Of Rules Regarding Election Procedures; Appointment Of Election Inspectors; Voting By Secret Ballot; Proxy And Ballot Instructions; Publication Of Election Results; Retention Of Ballots; Application Of Article 
§ 1363.04. Use Of Association Funds For Campaign Purposes Prohibited 
§ 1363.05. Member Attendance At Board Meetings; Executive Sessions; Emergency Meetings; Availability Of Board Minutes; Notice Of Meetings; Owner Right To Speak At Meetings
§ 1363.07. Membership Approval Required For Grant Of Exclusive Use Common Area; Exceptions
§ 1363.09. One Year Statute of Limitations-Action For Violation Of Article; Penalties; Small Claims Court Option 
§ 1363.1. Prospecitve Managing Agent Disclosure 
§ 1363.2. Managing Agent Duties; Disposition Of Association Funds 
§ 1363.5. Articles Of Incorporation Disclosure Statement 
§ 1363.6. Association Information Statement Submitted To Secretary Of State; Penalty For Non-Compliance 
§ 1363.810. Application Of Article 
§ 1363.820. Dispute Resolution Procedure Required 
§ 1363.830. Dispute Resolution Procedure Minimum Requirements 
§ 1363.840. Statutory Dispute Resolution Procedure 
§ 1363.850. Notice Of Dispute Resolution Procedure 
§ 1364. Responsibility For Maintenance Of Common Area; Damage By Wood-Destroying Pests Or Organisms; Relocation Costs; Notice Of Repair; Access To Telephone Wiring 
§ 1365. Financial Documents 
§ 1365.1. Distribution Of Written Notice of Assessments, Foreclosure, And Payment Plans .
§ 1365.2. Right To Inspect And Copy Association Records; Restrictions On Use; Cost Of Production; Redaction Of Information To Prevent Identity Theft; Penalties For Non-Compliance 
§ 1365.2. 5. Assessment And Reserve Funding Disclosure Summary 
§ 1365.3. Association Report Required To Meet Standards Of Corp. Code § 5012 
§ 1365.5. Board Of Directors; Duties; Reserve Accounts 
§ 1365.6. Application Of Corp. Code § 310 
§ 1365.7. Liability Of Volunteer Officer Or Director; Criteria; Limitations 
§ 1365.9. Liability For Common Areas; Action Against Association; Insurance Requirements 
§ 1366. Regular And Special Assessments; Limitation On Increases; Delinquent Assessments; Interest 
§ 1366.1. Excessive Assessments Or Fees 
§ 1366.2. Collection Of Assessments; Recording Of Identifying Statement 
§ 1367. Lien For Delinquent Assessments 
§ 1367.1. Lien For Delinquent Assessments Recorded After January 1, 2003 
§ 1367.4. Limitations On Collection Of Delinquent Assessments Through Foreclosure; Right Of Redemption 
§ 1367.5. Lien Filed In Error; Reversal Of Costs And Fees 
§ 1368. Documents Provided To Prospective Purchaser 
§ 1368.1. Arbitrary Or Unreasonable Restriction On Owner’s Ability To Market Unit Void 
§ 1368.3. Association Standing As Real Party In Interest 
§ 1368.4. Damages Allocated By Comparative Fault 
§ 1368.5. Civil Action By Association; Notice Prior To Filing 
§ 1369. Liens For Labor And Materials 
§ 1369.510. “Alternative Dispute Resolution” And “Enforcement Action” Defined 
§ 1369.520. ADR Required Prior To Filing An Enforcement Action 
§ 1369.530. Service Of Request For Resolution 
§ 1369.540. Completion Of Resolution Process Within 90 Days 
§ 1369.550. Tolling of Time Limitation For Commencing An Enforcement Action 
§ 1369.560. Filing Certification Of Compliance 
§ 1369.570. Stipulated Agreement To Pursue Alternative Dispute Resolution After Commencement Of Enforcement Action 
§ 1369.580. Court Discretion In Awarding Fees And Costs Based Upon Participation In Alternative Dispute Resolution 
§ 1369.590. Annual Association Distribution Of Alternative Dispute Resolution Procedures Required 
§ 1370. Liberal Construction Of Governing Documents 
§ 1371. Boundaries Of Unit 
§ 1372. Construction Of Local Zoning Ordinances 
§ 1373. Developments Expressly Zoned As Industrial Or Commercial And Limited To Such Purposes 
§ 1374. Inapplicability Of Law To Developments Without Common Area 
§ 1375. Construction Defect Litigation; Prefiling; Dispute Rsolution Process 
§ 1375.05. Construction Defect Litigation; Filing Of Complaint; Inspection Process; Expert Witness Deposition
§ 1375.1. Disclosure To Association Members Of Settlement Agreement Regarding Defects 
§ 1376. Installation Of Video And Television Antenna 
§ 1378. Required Architectural Review Procedures; Exemptions


CODE OF CIVIL PROCEDURE
§ 336. Five Year Statute Of Limitation On Violation Of Restriction On Use Of Real Property 
§ 337. Four Year Statute Of Limitation - Written Contract And Accounts 
§ 337.1. Four Year Statute Of Limitation - Injury Or Death From Deficient Planning Or Construction 
§ 337.15. Ten Year Statute of Limitation On Actions To Recover Damages From Latent Defects In Planning Or Construction 
§ 338. Three Year Statute of Limitation - Statutory Suit, Trespass Or Injury To Real Property, Fraud And Mistake, Official Bonds, Slander Of Title, False Advertising, Water Quality Control Or Physical Damage To Private Property 
§ 339. Two Year Statute of Limitation - Oral Contracts, Abstract Or Guaranty Of Title, Title Insurance Or Recission 
§ 339.5. Lease Not In Writing; Period For Action After Breach 
§ 415.10. Personal Delivery Of Summons 
§ 415.20. Service Of Summons In Lieu Of Personal Delivery 
§ 415.21. Access To Gated Community For Service Of Process 
§ 425.15. Claim Against Volunteer Director Or Officer Of Nonprofit Corporation 
§ 425.16. Motion To Strike Pursuant To Free Speech Clause Under California And U.S. Constitutions

CORPORATIONS CODE
§ 20. “Electronic Transmission” Defined 
§ 21. Construction - Electronic Transmission 
§ 310. Transactions Between Corporations And Directors Or Corporations Having Interrelated Directors 
§ 5009. Mailings 
§ 5012. “Financial Statements” Defined
§ 5016. Notices Or Reports Mailed Or Delivered As Part Of Newsletter Or Magazine 
§ 5032. Approval By The Board 
§ 5033. Approval By Majority Of Members 
§ 5034. Approval Of Members 
§ 5069. Proxy 
§ 7110. Title Of Part 
§ 7111. Lawful Purposes Of Nonprofit Mutual Benefit Corporations 
§ 7120. Corporation Formed By Execution And Filing Of Articles; Signatures Required 
§ 7121. Change Of Unincorporated Association To Corporation 
§ 7122. Prohibited Names; Reservation Of Names 
§ 7130. Required Provisions 
§ 7131. Statement Limiting Purposes Or Powers
§ 7132. Optional Provisions 
§ 7133. Articles As Proof Of Corporate Existence 
§ 7134. Powers of Incorporators When Directors Not Named 
§ 7135. Sections 7130 And 7131 As Not Limiting Court Power Over Corporation
§ 7140. Powers Of Corporation 
§ 7141. Ultra Vires Acts; Corporation Bound By Authorized Or Ratified Contract 
§ 7142. Action For Breach Of Charitable Trust; Who May Bring; Remedies 
§ 7150. Adoption, Amendment Or Repeal 
§ 7151. Required And Optional Provisions; Number Of Directors 
§ 7152. Provisions For Delegates 
§ 7160. Location And Inspection Of Articles And Bylaws 
§ 7210. Corporate Powers Exercised By Board; Delegation 
§ 7211. Board Meetings; Notice; Quorum; Consent To Act Without Meeting 
§ 7212. Executive Committees; Creation; Authority To Act 
§ 7213. Corporate Officers Required; Selection; Resignation 
§ 7214. Validity Of Instrument Signed By Officers 
§ 7215. Proof Of Corporate Bylaws; Resolutions 
§ 7220. Term Of Office; Manner Of Selection 
§ 7221. Removal Of Director For Cause
§ 7222. Removal Of Director Without Cause 
§ 7223. Removal Of Director By Director’s Or Members’ Suit; Role Of Attorney General 
§ 7224. Filling Vacancies; Resignation 
§ 7225. Provisional Director 
§ 7230. Application Of Article To All Directors 
§ 7231. Duties And Liabilities Of Directors
§ 7231.5. Liability Of Volunteer Director Or Officer Failure To Discharge Duties 
§ 7232. Applicability Of § 7231 To Selection Of Directors 
§ 7233. Transactions Involving Director 
§ 7234. Quorum For Purposes Of § 7233 
§ 7235. Corporate Loans, Guaranties, And Advances 
§ 7236. Directors’ Liability For Distributions, Loans And Guaranties 
§ 7237. Indemnification Of Corporate “Agent” 
§ 7238. Law Governing Assets In Charitable Trust 
§ 7312. Multiple And Fractional Memberships 
§ 7341. Expulsion, Suspension, Or Termination; Fairness And Reasonableness; Procedure 
§ 7510. Place, Date, And Time; Failure To Hold Meetings; Quorum; Special Meetings 
§ 7511. Notice To Members; Waiver 
§ 7512. Quorum 
§ 7513. Acts Without Meeting; Written Ballot 
§ 7514. Voting By Proxy Or Written Ballot 
§ 7515. Court Order For Meeting Or A Written Ballot 
§ 7516. Written Consent Of Members
§ 7517. Acceptance Or Rejection Of Ballot, Consent, Waiver, Or Proxy Appointment
§ 7520. Election Of Directors By Members; Procedure 
§ 7521. Nomination 
§ 7522. Close Of Nominations; When Elections Not Required 
§ 7523. Publication Of Material Soliciting Votes; Nominees Rights 
§ 7524. Request To Corporation To Mail Election Material 
§ 7525. Refusal To Publish Or Mail Material; Liability For Contents 
§ 7526. Use Of Corporate Funds To Support Nominee 
§ 7527. Time To Contest Election, Appointment, Or Removal Of Director; Defect In Notice 
§ 7610. One Vote Per Member; Exceptions 
§ 7611. Record Date; Determining Voting Eligibility 
§ 7612. Memberships In Two Or More Names 
§ 7613. Proxies 
§ 7614. Inspectors Of Election 
§ 7615. Cumulative Voting; Determining Winner; When Ballots Are Required 
§ 7616. Action To Determine Validity Of Election Or Appointment Of Director; Notice To Attorney General 
§ 7810. Permissible Amendments To The Articles Of Incorporation
§ 7811. Amendment By Incorporators 
§ 7812. Approval Of Board And Members Required; Exceptions 
§ 7813. Amendments Affecting Rights Of Class 
§ 7813.5. Amendments To Change Status
§ 7814. Filing The Certificate Of Amendment 
§ 7815. Filing Of Amendment By Incorporators 
§ 7816. Contents Of Certificate Of Amendment 
§ 7817. Effect Of Filing Certificate Of Amendment 
§ 7818. Extension Of Term Of Corporate Existence By Amendment 
§ 7819. Restated Articles Of Incorporation 
§ 7820. Effect Of Limitations Of Charitable Trust 
§ 8210. Articles Of Incorporation; Biennial Updating 
§ 8310. Records Subject To Inspection To Be Written 
§ 8311. Inspection By Agent Or Attorneys; Right To Copy
§ 8313. No Limitation On Inspection Rights 
§ 8320. Records Required To Be Kept; Form Of Records 
§ 8321. Notice Of Annual Report 
§ 8322. Annual Statements Of Transactions With Interested Persons And Of Indemnification 
§ 8325. Demand For Election Results 
§ 8330. Demand For Member’s Names, Addresses, And Voting Rights By Member 
§ 8331. Petition By Corporation To Set Aside Demand; Time; Procedure; Grounds 
§ 8332. Power Of Court To Limit Rights Under Section 8330; Temporary Order Suspending Time Limit 
§ 8333. Inspection Of Accounting Books, Records, Minutes By Member 
§ 8334. Director’s Right Of Inspection 
§ 8335. Postponement Of Meeting Where Records Not Obtained 
§ 8336. Power Of Superior Court To Enforce Inspection Rights Or Appoint Inspectors Or Accountants 
§ 8337. Award Of Costs, Expenses, Attorneys’ Fees 
§ 8338. Prohibited Uses Of Membership Lists; Damages For Misuse


GOVERNMENT CODE
§ 434.5. Restrictions On Right To Display U.S. Flag Void 
§ 12955. Discrimination In Housing Prohibited 
§ 12955.1. “Discrimination” Defined 
§ 12955.1.1. “Covered Multifamily Dwellings” And “Multistory Dwelling Unit” Defined 
§ 12955.2. “Familial Status” Defined 
§ 12955.3. “Disability” Defined 
§ 12955.4. Religious Preference Allowed 
§ 12955.5. Data Collection By Government Allowed

§ 12955.6. Fair Housing Amendments Acts Of 1988 Is Minimum Standard 
§ 12955.7. Retaliation For Compliance Prohibited 
§ 12955.8. Elements Of Violation Of Article 
§ 12955.9. Qualifying Senior Housing Allowed To Discriminate Based On Familial Status 
§ 12956. Relevant Records Maintained During Legal Action 
§ 12956.1. Amending Documents To Remove Discriminatory Language 
§ 12956.2. Recording A Restrictive Covenant Modification
§ 66469. Amendment Of Parcel Map
§ 66470. Parcel Map Amendment Requirements And Recording Of Certificate Of Correction 
§ 66471. Time Limitations On Approval And Recording 
§ 66472.1. Modification Of Parcel Map By Local Agency; Public Hearing

HEALTH & SAFETY CODE
§ 1597.40. Restrictions Against Group Homes Void; Increased Security Deposit Allowed 
§ 1597.531. Liability Insurance Or Signed Affidavits Required; Naming Association As Additional Insured 
§ 13132.7. Mandatory Fire Retardant Roof Covering Materials In Designated Fire Hazard Zones

REVENUE & TAXATION CODE
§ 2188.3. Condominiums 
§ 2188.5. Planned Developments; Assessment; Application Of Amendment To Subd.(b)
§ 2188.6. Separate Unit Assessment And Tax Bill; Lien On Unit Only 
§ 23701. Exemption Of Specified Organizations 
§ 23701t. Homeowners’ Association Conditions; Definitions

VEHICLE CODE
§ 22658. Removal From Private Property 
§ 22658.1. Damaging Of Fence While Removing Vehicle; Location And Notification Of Property Owner By Towing Company
§ 22658.2. Removal Of Vehicles From Common Interest Development 
§ 22853. Notice To Department Of Justice And Proprietor Of Storage Garage; Reports; Notice To Owner

WELFARE & INSTITUTIONS CODE
§ 5115. Lanterman Development Disabilities Services Act 
§ 5116. Residential Use Zoning Of Group Homes

Read more...

The Condominium Bluebook for California 2009 Edition

by Branden Bickel and Andy Sirkin

The Best Guide To California Homeowner Association Living
$16.95

The Condominium Bluebook is a 576 page essential tool to understanding homeowner associations and common interest developments. It includes the statutory and case law that affects associaitons.   It covers member rights and responsibilities, association duties, disclosure deadlines, elections, assessments, disputes, and much more.  Written for the home owner, anyone who owns a condominium, townhouse, co-op unit or lot in a planned community in California will appreciate and use this handy resource. Updated annually.

Authors of The Condo Bluebook


Branden Bickel and Andy Sirkin are recognized California condominium law experts who specialize in advising tenant in common, homeowner associations, and common interest developments.

Read more...

Condominium conversion

>> Wednesday, June 10, 2009

From Wikipedia, the free encyclopedia

  (Redirected from Condo conversion)
In real estate, a condominium conversion or condo conversion is the process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individually sold units as condominiums. Such entitlement is generally derived from approvals granted by state/provincial and/or local municipal authorities (and often other relevant agencies, such as conservation authorities).

Indeed, though, virtually every condominium project could be characterized as a conversion of property that is held generally under one title, to property that is severed into portions so that the title to most such portions (i.e., units) can be held separately. However, the term "conversion" is usually reserved for just those projects which involve changing the title (and sometimes also the use) of an existing structure, such as a multi-dwelling apartment building, row dwellings (townhomes) or a commercial multi-unit rental site.

As that statement suggests, and subject to any specific restrictions imposed by legislative or other approval authority, any type of existing structure can be converted to condominium, including residential, commercial and industrial. For example, as noted in the Canadian Condominium Institute - Golden Horseshoe Chaptertext, Essential Issues for Realtors in the Condominium Act, 1998 [1] (by Ontario condominium lawyers, Craig Robson, Michael Clifton and Ron Danks), even though the Ontario Condominium Act, 1998 formally recognizes only conversions of existent residential premises to condominium, "Condominium conversions can be made to former office buildings, warehouses or other commercial properties as well as existing rental residential premises."

Contents


Analyzing the Multi-Family Property

(This section discusses conversions primarily from a marketing or realtor's perspective.)

The market for residential condominium conversions typically arises when the price of single family homes increases beyond the reach of the first time buyer. There are multiple types of investors involved when there is a hot conversion market. For example, an experienced developer may purchase an apartment building, hire a consultant to put the entitlements in place, and then upgrade the building so that the sales team can sell them as individual condominiums. Alternatively, a mom and pop have owned a 20 unit apartment building for 20 years and want to sell it. Rather than selling it outright as an apartment building, they hire a consultant to process the entitlements and sell the building instead at a condo premium to a developer who finishes the job.

In order to determine the sales potential of the converted units, a market analysis is needed. This part of the process involves conducting a study of the neighborhood and of any competing complexes: an inspection of the exterior of the buildings, the condition of the interiors of the units, the condition of the grounds and the amenity package in place.


Planning the Conversion

(This section discusses conversions primarily from a marketing or realtor's perspective.)

Using the study outlined above, a conversion plan is formulated, taking into consideration both the positive and negative aspects of the property. The plan includes budgeting for needed rehab activities and the addition of any amenities that may be lacking.


Homeowners Association (HOA)

A condo community is governed by a form of homeowners association which, in some jurisdictions, such as Ontario, Canada, is actually a condominium corporation that is managed by a board of directors. The association, of which all of the condo unit owners are members, sets out certain guidelines relative to the obligations of the unit owners as they relate to the ownership of their unit and to their participation within the condo community, subject to the restrictions, guidelines and procedures set out in the applicable statutory regime. The operation of the association or corporation is very important to the success of the condo conversion (after conversion, property maintenance and, ultimately, the enhancement of property values.


Marketing and Financing

The marketing of the condos can be done either through a realtor or with in-house personnel. (As outlined above, a model unit should be used in the program.) Direct mail campaigns--mailing brochures into apartment complexes--are often very successful. Television spots on cable channels can be very productive as well. Another powerful marketing tool, one that should be taken into consideration going into the conversion, is an attractive financing package that can be made available to potential purchasers of the condos.



Trends

As of 2006, the trend of apartment complexes converting into condos is gaining momentum. The low interest rate affliction that has crippled apartment fundamentals for several quarters is driving the biggest condominium conversion boom in two decades. In markets across the country, condo developers are paying a premium to acquire and transform rental properties into condos.

In 2007, most markets in the US experienced falls in mean condominium sales prices, and far fewer conversions are being performed. Some of the projects which have been completed are now selling at auction for discounted prices, or remain unsold.

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 364

ตอนที่ 364

http://cd79ebe1.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 363

ตอนที่ 363

http://b7a11a6d.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 362

ตอนที่ 362

http://b6f0a539.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 361

ตอนที่ 361

http://8999733c.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 360

ตอนที่ 360

http://a7172a6c.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 359

ตอนที่ 359

http://0c08a4b6.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 358

ตอนที่ 358

http://0fc2f00f.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 357

ตอนที่ 357

http://fcb7db80.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 356

ตอนที่ 356

http://8678e4cd.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 355

ตอนที่ 355

http://b3e5889a.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 354

ตอนที่ 354

http://0a473f61.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 353

ตอนที่ 353

http://ae74f941.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 352

ตอนที่ 352

http://695d4ac6.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 351

ตอนที่ 351

http://032ce6ce.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 350

ตอนที่ 350

http://58a1d109.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 349

ตอนที่ 349

http://f2dcf9d5.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 348

ตอนที่ 348

http://7c19add8.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 347

ตอนที่ 347

http://886b3927.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 346

ตอนที่ 346

http://137e668b.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 345

ตอนที่ 345

http://c2564e09.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 344

ตอนที่ 344

http://7220b102.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 343

ตอนที่ 343

http://cb806fea.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 342

ตอนที่ 342

http://18255e21.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 341

ตอนที่ 341

http://78752679.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 340

ตอนที่ 340

http://840950d5.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 339

ตอนที่ 339

http://9c70c800.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 338

ตอนที่ 338

http://cf5153cc.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 337

ตอนที่ 337

http://96ff6824.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 336

ตอนที่ 336

http://94bcf653.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 335

ตอนที่ 335

http://187737a1.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 334

ตอนที่ 334

http://392538ed.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 333

ตอนที่ 333

http://6bc47d2b.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 332

ตอนที่ 332

http://0acea84e.linkbucks.com

Read more...

One Piece ภาค 7 (sub eng) ตอนที่ 331

ตอนที่ 331

http://66110bfe.linkbucks.com

Read more...

ShareThis

  © Blogger template Sunset by Ourblogtemplates.com 2008

Back to TOP