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Updated about 10 years ago, 10/03/2014

Account Closed
  • Washington, DC
34
Votes |
57
Posts

Buying all the condos

Account Closed
  • Washington, DC
Posted

Hi all,

I have tried googling the answer to this figuring it must have been asking in the past but couldn't find an answer. I live in Washington, DC where there are lots of old 3-4 story rowhouses that have been converted into condo buildings with single floor condos. So there are buildings with 3 or 4 condo's only. I am curious if I could buy one of the condos and live in it while letting all the other owners know that if they ever want to sell I am a buyer. I know this could take years and years in theory. I am just curious the legal ramifications of doing such a thing. If, after 20 years I buy the remaining condos in the building can I now dissolve the condo association? maybe there is a healthy amount of reserves to sweeten the pot, maybe not. But could I then abolish the HOA fee and basically convert the whole rowhouse in a 3-4 unit apartment building?

Just curious if this is even an option,

Thanks

-E

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