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How to do a Condo Property Regime in Petaluma, CA?
Hello, I'm looking to sell a home with a detached converted carriage house but due to family issues, the converted carriage house cannot be sold. I looked into subdividing the lot as well as implementing a life estate where the buyer would need to accept a life long tenant, but I was then informed about CPR's or Condominium Property Regime's where I can classify the house and carriage house as separate condo units but maintain the same lot. Thus avoiding doing a full lot split.
Does anyone have any experience in such a thing in Petaluma? Do you know the type of attorney I would need and the time needed to carry something like this out?
Any help would be greatly appreciated.
Thank you!