If a condominium developer owns appreciated land on which the condominiums are to be built, a sale of the land to a controlled development corporation prior to undertaking development activities may convert part of prospective ordinary income into capital gain.

Hello experts,found an interesting retail/office (commercial) unit in a great location (A+) and since this is my first commercial unit, I wanted to review the numbers and get advice on what to look out for.List Price:...

Condominiums do, but apartment buildings?

They are quoting: RCW 59.18.900 Severability—1973 1st ex.s. c 207.If any provision of this chapter, or its application to any person or circumstance is held invalid, the remainder of the act, or its application to other persons or circumstances, is not affected.This is what I would send themRCW 59.18.200 Tenancy from month to month or for rental period—Termination—Armed forces exception—Exclusion of children—Conversion to condominium—Notice.(1)(a) When premises are rented for an indefinite time, with monthly or other periodic rent reserved, such tenancy shall be construed to be a tenancy from month to month, or from period to period on which rent is payable, and shall be terminated by written notice of twenty days or more, preceding the end of any of the months or periods of tenancy, given by either party to the other.Unless they are in the armed forces and deployed,  they only need to give you a 20 day notice from the end of their lease. 

If you develop a new condominium, please get legal counsel early in the process.

http://www.har.com/content/newsroom/Single-family home sales continued their post-Hurricane Harvey comeback as volume rose 7.4 percent year-over-year with 6,184 units sold;Single-family home sales remain 3.3 percent ahead of 2016’s year-to-date volume;Days on Market (DOM) for single-family homes increased from 57 days in November 2016 to 61 days this November;Total property sales increased 4.9 percent with 7,270 units sold;Total dollar volume jumped 8.4 percent to $2.0 billion;The single-family home median price rose a fractional 0.3 percent to $225,725, which represents a November high;The single-family home average price increased 0.9 percent to $284,250, also the highest level for a November;Single-family homes months of inventory grew year-over-year to a 3.7-months supply, but is down from a 4.3-months pre-Harvey peak – the result of a surge in consumer demand for housing;Townhome/condominium sales fell 3.0 percent, with the average price down 5.4 percent to $196,546 and the median price down 3.2 percent to $158,100;Leases of single-family homes rose 6.8 percent with the average rent up 2.1 percent to $1,763;Volume of townhome/condominium leases jumped 20.1 percent with average rent down 0.5 percent to $1,498.

You can’t deduct special assessments you pay to a condominium management corporation for improvements.

@Kate Schwerin is this an apartment building or a condominium building.

The theory of condominiums is that the land itself, plus the exterior of the structures are owned by the condo association. 

Many investors are making significant returns buying row houses and splitting them into two or three condominium units for resale.