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By CondoAssociation.com • September 10, 2017

Condo association is headed for "de-conversion"

Has anyone dealt with a association going thru a "de-conversion"? We have an apartment in Chicago that we are renting. We have seen notices of this de-conversion posted for the owners to come to meetings about it. I would think the new owner has to honor any leases in place, but can we request a new, possibly longer (2 year) lease from our owner that the new owner would then have to honor? Have never seen or heard of a building going back to no condominium status. Being we are renters, no one is proving much info about the process, or where the tenants would stand. Any one dealt with this?

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