What if I am buying a condominium that is in the middle of a conversion?

Until the conversion is completed, the property is recognized as just one parcel. There is only one bill for all units and it is between you and all the other unit owners how the Real Estate bill is divided. You must also notify your mortgage company as to the amount of your portion of the Real Estate bill that should be paid.

Once the conversion is completed, there will be separate Real Estate bills for each unit.