Recent content by Martin Mark

Quincy, thank you. That all was a concern to me, so your information helps me.

Thank you, Quincy. I received a suggestion of using "fractional rights". Would use of fractional rights combined with this possibly be worthwhile? If so, would using fractional rights here still let me retain full ownership of the building and land itself (separate from the individual condo...

Thank you again. I do appreciate this. Currently it runs as a straight motel, so not long-term. It would continue as such to guests whenever an owner of a unit puts it into the rental pool, and they are not using it for themselves. I have been redesigning the units in renderings.

Yes, exactly what I was asking about. Nothing to defraud whatsoever. Thank you. Is this legal in New Jersey?

I am looking to purchase an existing motel to renovate and turn into a condotel...where the individual units become condo units, and the motel still runs like a normal motel to guests. How can I legally pre-sell the units before acquiring or purchasing the motel? What kind of details would I...