Condominium deconversion is the process of bulk selling a condominium property to a third party to be turned into rental units. According to CAI’s Guiding Principles for Community Association Governing Documents: A Resource For Lawyers(Opens in a new window), the standard termination approval process of a condominium building requires a vote of 80% of the unit owners. Many states include the owner approval voting percentage in their state Condominium Act or Common Interest Community Act.
Condo Deconversion and Termination Uniform Act References
Uniform Condominium Act SECTION 2-118
Termination of Condominium
Uniform Common Interest Ownership Act (UCIOA) SECTION 2-118
Termination of Common Interest Community
Condo Deconversion and Termination Statutes Map
Determined by the condominium declaration
Requires a vote of 67% of the unit owners
Requires a vote of 75% of the unit owners
Requires a vote of 80% of the unit owners
Requires a vote of 100% of the unit owners
*Texas has an exception for condominium documents - a declaration can lower the 100% requirement to no less than 80%.
*In Arizona, condominiums built after July 2022 require a 95% vote,