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Converting a building from the ownership of a single landlord to the ownership of individual residents is a legal matter that requires a conversion process.

The process may be different depending on the location of the building and may take several years.

The end result is that every apartment will have a single owner -- a single owner may own several apartments, and the building's previous owner is paid monies by these owners for a title to the apartment purchased in the conversion process.

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12y ago

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