"Commercial Condos are Being Used More Frequently"

New York Real Estate Journal
Thomas Kearns

In this article, Tom articulates how commercial condominiums are being used to legally divide up commercial or mixed-use properties. Tom describes how, in certain circumstances, the additional costs of creating a condominium regime and the potential headaches of dealing with co-owners of the building are out-weighed by the benefits of the condo structure. He also advises that the commercial condo structure can bestow significant benefits to its owners, but buyers or master lessees of such units need to be careful of the practical and legal issues inherent in the structure. The full text of the article is available at New York Real Estate Journal.

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