John Cadden unveils insights into condominium terminations and sales
Our Condominium Advisory Group co-founder, John Cadden, sits down with Take It To The Board host Donna DiMaggio Berger to discuss the increasingly common but once rare concepts of condominium or cooperative association terminations and sales to developers.
Drawing on John’s extensive experience in commercial real estate and banking, the conversation covers the legal, financial, and psychological aspects of the termination process.
The duo explores factors influencing developers, market conditions favoring condominiums versus rental buildings, challenges associated with terminations, and the crucial role of the board in the process.
John and Donna talk about practical advice on determining property market value, assessing offers, addressing the needs of elderly or disabled residents, and evaluating whether a termination and sale is the right decision for an association.
This episode offers valuable insights for those navigating the complexities of potential property sales in community associations.
Click here to listen to the full podcast on Spotify, Apple Podcasts, Amazon Music, or the Becker Lawyers: Take It to the Board Blog.
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