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Condominium Law From Every Angle 2017

Product ID: CM2716
Presented By: State Bar of Wisconsin PINNACLE

A condo conversation

Condo popularity is climbing. As they continue to be more affordable than single-family detached homes, new research shows condos may be appreciating in value faster as a result. They also offer many advantages, such as access to on-site amenities, voting rights in the homeowners’ association, and fewer maintenance responsibilities. And condo developers are working hard to keep pace with demand.

Condo creation comes with tons of tricky legalities to negotiate, making competent legal counsel a necessity. Learn all about current hot topics in condo law at Condominium Law From Every Angle.

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Member $49.00

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A condo conversation

Condo popularity is climbing. As they continue to be more affordable than single-family detached homes, new research shows condos may be appreciating in value faster as a result. They also offer many advantages, such as access to on-site amenities, voting rights in the homeowners’ association, and fewer maintenance responsibilities. And condo developers are working hard to keep pace with demand.

Condo creation comes with tons of tricky legalities to negotiate, making competent legal counsel a necessity. Learn all about current hot topics in condo law at Condominium Law From Every Angle.

Read More ↓

Adam S. Bazelon
Levine & Bazelon, S.C.
Milwaukee

Presenters:

Debra Peterson Conrad
Wisconsin Realtors Association
Madison

John A. Kassner, III
von Briesen & Roper, S.C.
Madison

Scott L. Langlois
Quarles & Brady LLP
Milwaukee

8:00 a.m. : Registration

8:30 a.m. : Federal Insurance of Condo Projects – Impact on Mortgage Financing

  • Current condominium project approval requirements for FHA, VA, FNMA and FHLMC
  • Availability of private mortgage insurance for condo purchase loans
  • The impact of requirements on project planning, design, phasing, and marketing
  • Likelihood of legislative changes affecting condominium mortgage financing

John A. Kassner, III

9:30 a.m. : Selling the Condominium Unit: Disclosures, Fees and Assistance Animals

  • Service animals in condominiums – handling requests, bylaws, and policies
  • Updates and revisions to WB-4 Residential Condominium Listing Contract
  • Likely legislation updating Wis. Stat. chapter 704
  • Condo transaction situations from the real estate brokers’ perspective

Debra Peterson Conrad

10:20 a.m. : Break

10:35 a.m. : Reasons and Strategies for Creating Mixed-Use and Other Commercial Condominiums

  • Why would you create a commercial condominium?
  • Creative uses for commercial condominiums
  • Using commercial condominiums for mixed-use development
  • Structuring public/private partnerships using the condominium ownership structure

Scott L. Langlois

11:35 a.m. : Handing Over the Reins: Ensuring a Smooth Transition of the Association from Declarant to Homeowner Control

  • Creating the association
  • Period of declaration Control
  • Important action steps prior to turnover
  • Electing a new board
  • Post-turnover issues

Adam S. Bazelon

12:05 p.m. : Lunch (on your own)

1:05 p.m. : Adrenaline Rush: Governance and Enforcement for the Counselor at Law

  • Handling meetings
  • Amending documents
  • Fiduciary duties of the Board of Directors
  • Enforcement of the rules – especially when owners don’t understand the rules when they purchase

Jonathan B. Levine

1:55 p.m. : Border Wars: Who Maintains? Who Pays? Who Insures?

  • Determining maintenance responsibilities—association vs unit owner
  • Making sure the condominium is adequately insured and that coverage is in compliance with Chapter 703
  • Different types of insurance coverage for the association
  • Analyzing complex issues that arise when there is a loss

Adam S. Bazelon

2:45 p.m. : Program Concludes

  • Discover how federal requirements affect condo planning, design, and mortgage financing
  • Receive updates on likely legislation to amend Wis. Stat. Ch. 704
  • See condo transactions from the real estate broker’s perspective
  • Understand the advantages of mixed-use and commercial condos
  • Learn tips for transitioning from developer to homeowners’ association
  • Gain insight into various governance issues
  • Find out more about key concerns regarding maintenance and insurance policies
  • Residential real estate attorneys
  • Commercial real estate lawyers
  • Construction law attorneys
  • General practitioners
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