The term “condominium” is a type of ownership recognized
under Louisiana law. As such, local ordinances or regulations
cannot prohibit this type of ownership. Existing apartments can
be converted to a condominium, or new structures can be erected
to constitute a condominium.
A condominium is created by a document known as a Condominium
Declaration executed by the owner of the property to be made subject
to this form of ownership. A non-profit corporation will be setup
for the Condominium Association to grant the authority to manage
the Development and collect dues for its operation. Bylaws of
this non-profit corporation will set out the rules and regulations
for the Development and the Association.
A plat of the property and plans of all structures to be included
in the Development will be drawn by a certified professional for
attachment to the Condominium Declaration.
Prospective purchasers will be provided with a public offering
statement that contains a full copy of the Condominium Declaration
with exhibits, a copy of the proposed operating budget for the
Development and declarations required under the law. Our office
can assist you in developing your Condominium development.