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Community Update, Volume 6, 2014

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There have been numerous articles in the press regarding forced sales of condominium units. A law adopted in 2007 changed the procedure to terminate a condominium. Do you understand the termination process? As an owner, do you have any say in whether the condominium terminates? What happens to your mortgage? Our feature Article, Termination of the Condominium form of Ownership, describes the termination process, the votes required, how the law changed and possible challenges to the law.

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