FAQs
Direct answers
to the questions boards actually ask.
Twelve sourced answers, organized by topic, on conversion cost, financing, the vote, timing, ownership structure, and the state law that actually governs your building.
- Questions answered
- 12
- Topic clusters
- 3
- Cost to ask us the rest
- 0
- Updated
- September 2026
These are the questions boards put to us in the first meeting, answered here the way we answer them in the room. Each one is its own page, complete on its own, so a board member can read the single answer they came for and hand it to counsel without the rest. The numbers on these pages come from our own conversion record, and where the answer depends on your building’s documents or your state’s statutes we say so instead of averaging over it.
Question clusters
Organized around the questions that matter most
Each answer is its own page: sourced, dated, and complete on its own. Final legal, tax, financing, and ownership terms remain specific to each property and owner.
For Boards
8 questions answered on this topic.
What does a co-op to condo conversion cost?
There is no rate card. Every rate is set on the building it belongs to and collected at the closing.
"No Deed, No Cost": what it actually means
No upfront cost to your co-op or its shareholders, and a fee due only when deeds are delivered.
How many votes does a co-op need to convert to a condo?
Two-thirds of the shares, weighted by share, under most governing documents and state statutes.
How long does a co-op to condo conversion take?
A conversion starts at as little as six months, and complex or previously stalled buildings can take years.
Can a co-op sell its air rights to pay for a conversion?
What we tell a board weighing a rights sale against a conversion, and what belongs with its own advisers.
New Jersey condo conversion law: what boards and owners need to know
The New Jersey requirements a converting building meets.
Florida's SB 4-D: what it requires of a co-op and what a conversion changes
What Florida's structural safety law has put in front of older buildings.
Milestone inspections and SIRS: what Florida boards do when reserves fall short
What a Florida board does once the inspection number is larger than the reserves.
For Owners and Landlords
Answered on its own page.
Questions about converting a rental building are answered on the rental-to-condo page. Rental to condo
If your question is not here
Then it is probably specific to your building, which is the useful kind. We will read your bylaws, your proprietary lease and your current financial statements and answer it against your own numbers. The feasibility study that does it costs your cooperative nothing and commits it to nothing.
Still need specifics?