Can I sell off individual units in NC? One building has 20 units subdivided by concrete cinder blocks.
I have a property that has 20 units divided by cinder blocks walls.  Can they be sold off individually?  What is required to make them able to be sold separately?
[{"id": "iq1t49w", "text": "Yes. You have to subdivide and create an HOA.", "replies": [{"id": "iq1u661", "text": "What does that cost to sub divide?", "replies": [{"id": "iq1vxc2", "text": "Not sure if you have to create an HOA but you should be able to ask the city how to subdivide and the costs for replating.", "replies": [{"id": "iq1wg3o", "text": "If there is any common area, there must be some type of management. Shared driveway? Roof?", "replies": [], "depth": 4}, {"id": "iq1wuk5", "text": "Right, you don\u2019t NEED to but I\u2019ve personally never seen 20+ units without one. 2-3 units yea. Never this many. It\u2019s a legal process. I can recommend a R/E attorney in NC to help you. Just DM me.", "replies": [{"id": "iq1zczm", "text": "This is not residential, it is light industrial units, I don\u2019t know if that makes a difference.", "replies": [{"id": "iq3e0gl", "text": "Talk to a local surveyor who specializes in condo conversions and an attorney.", "replies": [], "depth": 6}, {"id": "iq659ap", "text": "Doesn\u2019t matter.  There are still common areas and common property.  There are thousands of COAs that are commercial condominiums with managers.  This is especially prevalent with professional offices.  I highly recommend a RE attorney review your plan and give you guidance.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iq2ewjr", "text": "Get. A. Lawyer.", "replies": [{"id": "iq447rs", "text": "Yeah you really need to speak with an attorney, the laws and regulations are going to be different by state, city or even municipality. There are various types of ownership that could accomplish this, but rather than a bunch of internet strangers giving their best guess you need an attorney that can render a legal opinion and defend it if necessary.\n\nMay be as simple as creating a condominium association and selling off units, but someone needs far more information than you\u2019ve provided to give a good opinion.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iq3mfg2", "text": "As someone with no commercial real estate or experience... How do you get so far as to own 20 units but can't figure out how to reach out to the city or a lawyer?!?!?", "replies": [{"id": "iq47lzl", "text": "Nah, just sell them off and see what happens!", "replies": [], "depth": 2}, {"id": "iq5u2qk", "text": "I own two business and I am a strong believer in being owner occupant and it has favored me well.  I rely on my agent and attorney for things but why ask my attorney when I can ask everyone here for free.  I am tenant in the 20 unit building and when the opportunity it presented itself, I jumped on it.", "replies": [], "depth": 2}, {"id": "iq68rr8", "text": "He doesn't own them, or any other commercial property.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iq3zypk", "text": "You're better off getting a lawyer and making the units condo's and avoiding the headache that re plating would cause you.", "replies": [], "depth": 1}, {"id": "iq480lj", "text": "People are telling you to get a lawyer but you'll also need an architect with experience navigating rezonings. There will be building code issues that impact stratifying.", "replies": [{"id": "iq4qc3g", "text": "There won't be code issues on existing buildings with CO's. There won't be a need for a zone change. You have legal issues with platting so you will need a replat or you will need to create condos. You need a lawyer and/or a planning consultant/civil engineer.", "replies": [{"id": "iq51gm1", "text": "In my area there would absolutely be new codes triggered but that's why OP needs to talk to someone familiar with BC in their area.", "replies": [{"id": "iq65lw5", "text": "In the NC area, you need a civil engineer and possibly a cost segregation study.   I know, because, that\u2019s what I do in the southeast US.", "replies": [], "depth": 4}], "depth": 3}, {"id": "iq8y6u0", "text": "Yes there will. If you are splitting off lots it could very easily create illegal zoning nonconformities.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iq4cwwk", "text": "That\u2019s going to depend on your specific municipality. Need to look into building, zoning, platting and subdivision laws. Definitely not a one size fits all answer here. Reach out to the planning/zoning division and hire a real estate attorney.", "replies": [], "depth": 1}, {"id": "iq4vd2n", "text": "Yes - but as others have said, get a lawyer. Specifically because if you \u201ccondo\u201d the apartment building, there is long term liability involved with it that you need to provide as the \u201cdeveloper\u201d. Something like 10+ year warranty.", "replies": [], "depth": 1}, {"id": "iq60tdz", "text": "why get 20 big checks once \n\nwhen you can get 7200 small checks \nand then one massive check", "replies": [], "depth": 1}, {"id": "iq66fgg", "text": "About how much will this cost me to creat an HOA and create condominium (flex units). My attorney said it will likely cost about $100,000.  Does this sound about right?", "replies": [], "depth": 1}, {"id": "iq68hzz", "text": "\"*What is required to make them able to be sold separately?*\":\n\nUhhhhmmmmm....rights to same.", "replies": [], "depth": 1}, {"id": "iqaptam", "text": "Wow. I\u2019m having flashbacks to 2005. Short answer is maybe and just having concrete walls doesn\u2019t mean anything by itself.", "replies": [{"id": "iqiam8p", "text": "Why are you having flashbacks?", "replies": [{"id": "iqvcroq", "text": "Condo conversions were a huge thing and most ended spectacularly. I was dragged into litigation on two of them with bag holders suing the GC that built it 20 years prior.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]