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How do you convert a 33 unit rental condo building to an owner occupied 50 and older retirement condo complex?
Your terminology in the question is confusing: either your building is a rental building, or it's a condominium building. Each presents different challenges for conversion.
If your building is a rental building, the owner can hire an association-savvy attorney to develop the governing documents, and work with a team to establish conversion prices, move-out arrangements for tenants who chose not to buy, and identify residents who won't be required to move.
If your building is a condominium, your association-savvy attorney can help you survey owners to identify the chances of gaining the uber-majority of votes required to amend your governing documents. Then, the attorney can draft the amendment and lead the membership through the voting process.
Again, logistical arrangements for residents who do not qualify under the new governing documents and will be required to move, must be made and implemented.
What else can I help you with?
What happens to your federal sick leave when you retire?
Federal sick leave does not carry over to retirement. However, some federal employees may be eligible to convert a portion of their unused sick leave to creditable service time to increase their retirement benefits. This typically applies to Civil Service Retirement System (CSRS) or Federal Employees Retirement System (FERS) employees.
When you reach 65 will your ss disability be reduced?
No, your Social Security Disability Insurance (SSDI) benefits automatically convert to Social Security retirement benefits when you reach full retirement age (usually between 65 and 67, depending on your birth year), but the amount you receive should stay the same.
How long does employer keep you on life insurance after retirement?
Typically, life insurance coverage provided by an employer ends at retirement. Some employers, however, may offer the option to convert the group life insurance to an individual policy upon retirement, usually at a higher premium. It's important to check with your employer's HR department or insurance provider for specific details.
What happens to your disability insurance when you turn age 65?
When you turn 65, your eligibility for disability insurance may change depending on the policy. Some policies may convert to retirement benefits, while others may continue but with adjusted terms. Contact your insurance provider or check your policy to understand how turning 65 may affect your disability insurance coverage.
What age of people are reverse equity mortgages most recommended for?
Reverse equity mortgages are typically recommended for older individuals, usually aged 62 or older, who own their home and want to access the equity without selling the property. This product is aimed at retirees or seniors looking to supplement their income or cover expenses in retirement.
Is it legal to turn your IRA into a LLC to avoid paying taxes?
You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.
How you convert mechanical energy into chemical energy?
By building a bomb.
Can you draw as much money at 65 on Social Security retirement as on disability?
Social Security disability benefits are typically lower than retirement benefits because they are calculated on the basis of fewer years of income. When a disabled worker reaches full retirement age, his or her benefits automatically convert from disability to retirement income at the same rate. There is no windfall payment for disability.
What happens to your federal sick leave when you retire?
Federal sick leave does not carry over to retirement. However, some federal employees may be eligible to convert a portion of their unused sick leave to creditable service time to increase their retirement benefits. This typically applies to Civil Service Retirement System (CSRS) or Federal Employees Retirement System (FERS) employees.
What is chlorophyll show me video?
a complex protein used by plants to convert sunlight to sugar
How do you change the complex decimals to fractions?
You convert the real part and the imaginary parts separately.
Convert the following complex number into its polar representation: 2 + 2i?
2sqrt2(cos45 + i * sin45)
What did Spain building the borderlands of new Spain to convert the American Indians to Christianity?
Missions.
Is it possible to convert 15 tire to 16 tire?
Not without a lot of re-building
Does permanent disability payments change to regular social security at some point in time?
Yes, permanent disability payments, specifically Social Security Disability Insurance (SSDI), can convert to regular Social Security retirement benefits when the recipient reaches full retirement age. At that point, the SSDI benefits automatically transition to retirement benefits without a change in the payment amount. However, Supplemental Security Income (SSI) does not convert to regular Social Security and remains a separate program.
Why Hydrochloric acid is used for hemoglobin estimation?
to convert the Hb to acid-hematin which is a brown coloured complex.
Can you receive Social Security disability benefits and Social Security retirement benefits at the same time?
No. The Social Security Administration will only pay one benefit -- either retirement or disability, but not both. If you qualify for disability before you reach full retirement age, your monthly benefit will automatically convert to retirement at the same monthly rate once you reach full retirement age.If you are already receiving early retirement, you do not qualify for disability because you've voluntarily elected not to work in return for a reduced monthly benefit.If you think your situation may present an exception, you can contact an SSA representative at 1-800-772-1213, Monday through Friday, 7:00 am - 7:00 pm EST, to discuss your options.
