What is a necessary requirement for converting a condominium to an apartment complex?

To successfully convert a condominium to an apartment complex, one of the primary requirements is obtaining a majority agreement from the condominium owners and creating a termination agreement. This process reflects the rights of the individual owners within the condominium association.

In a condominium, each unit is typically owned individually, but the common areas are collectively owned by all unit owners. Changing the nature of ownership—from individual ownership to a more traditional rental apartment setup—requires a significant shift in the governance structure and ownership agreement of the properties involved. A majority agreement ensures that the decision reflects the will of most owners, while the termination agreement formalizes the end of the condominium association and releases individual owners from their previous obligations.

As for the other options, while local government approval could be necessary for zoning or building regulations, it is not inherently a prerequisite for the conversion itself. Similarly, while renovations may be necessary to facilitate the conversion, they come after the owners agree to the change. Unanimous agreement is not a requirement since only a majority is typically needed to proceed with the conversion effort.