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VOL. 4 NO. 5Inside:SOMERVILLE, MASS. WEDNESDAY, FEBRUARY 3, 2016TWENTYFIVE CENTSNarrow reforms to condominium conversion process put in place By Josie Groveling plans for Somerville High page 3The
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01
Obtain a copy of the Article IV condominium conversion guidelines from your local government or housing authority.
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Carefully review the requirements and steps outlined in the guidelines.
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Fill out the necessary forms and paperwork accurately and completely.
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Submit the filled out forms along with any required documentation to the appropriate department or agency.
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Pay any applicable fees and wait for approval from the authorities.
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Once approved, proceed with the condominium conversion process as per the guidelines.

Who needs article iv condominium conversion?

01
Property developers looking to convert existing rental properties into condominiums.
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Individuals or companies interested in selling individual units in a multi-unit building as separate condominiums.
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Homeowners associations seeking to formalize the ownership structure of their building.
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Article IV condominium conversion refers to the process of converting a rental property into a condominium complex.
Property owners who wish to convert their rental property into a condominium complex are required to file article IV condominium conversion.
Property owners must complete the necessary forms and provide all required information, including details about the property, proposed changes, and condominium association details.
The purpose of article IV condominium conversion is to legally establish a condominium complex after converting a rental property.
Information such as property details, proposed changes, condominium association information, and any other relevant details must be reported on article IV condominium conversion.
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