Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Condominium (Condo) Conversion

Fannie Mae

Updated 10-31-2026

Condominium (Condo) Conversion

Legal change in the ownership of an existing building (usually a rental project) to the condominium form of ownership through the recording of a declaration or master deed.

Fannie Mae Glossary of Terms

Fannie Mae · p. 8

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