Condo Termination Specialists
Leading the industry with 70+ years of experience
Bauvista LLC.
Specializing in condo termination, multifamily & mixed-use assets across Florida.
Sell the complex "as-is", typically can avoid costly repairs and increased regular and/or special assessments.
Market-leading experience in condo terminations, consistently delivering 20- 60% premiums above residential values
Transaction cost reduction of 15-30% compared to individual sales
Unique competitive advantage through in house property management data, AI analytics, and construction portfolio
Bauvista
Recent Terminations
Our Capabilities
Expertise That Builds Trust
01
EVALUATION
Professional valuation of property as a multi-family rental asset. Analysis of premium potential (20-60% over individual sales). Initial board presentation.
02
Lower Transaction Costs
Transaction cost reduction typically 15-40% compared to individual sales
03
Transaction Management
Best-and-final process, diligence coordination, and closing facilitation.
FAQs
Common Questions
How is the purchase price of my unit calculated?
The Florida Condominium Statute allows for three methods of distribution. The proceeds in a termination can be allocated by percent ownership as listed in the governing documents, by appraisal of all units or based on the market value as shown on the county appraisers site.
Will the buyer buy units in bulk (less than 100% of the units)?
Typically, no. Developers don’t talk to individual owners with specific offers but instead, make an offer on the property as a whole. In the majority of cases, terminations are bulk sales that happen in one swift transaction.
What happens to our reserves?
Any funds held in reserve would be distributed back to the individual owners based on their percent ownership, the method by which they were paid into the reserve account.
How long is the deconversion sale process?
Termination sales generally take an average of 9–12 months from the time of an approved termination plan. There are milestones along the way such as marketing, buyer tours, buyer selection, having the vote, buyer’s due diligence and closing paperwork.
How do association loans or special assessments get paid in full during a deconversion sale?
The association loan would get paid off from the proceeds from the sale. Unit owners would pay off their special assessment balance to the association at the time of closing. In most cases, after the association winds down (60–90 days after the closing date), any money remaining in the association bank account will get disbursed to the condominium owners based on their unit ownership percentages.
How many votes are required from the owners to force a sale?
The percentage needed for condo votes varies by association (review your declarations & bylaws). The Florida Condominium Statute has a threshold of 80% of owners who need to agree with the plan of termination, although your governing documents take precedence.
How does the Board move forward with a listing agreement to list the property for sale?
Listing agreements are approved by a majority of the board at an open board meeting. We recommend that you consult with a termination attorney regarding your association’s requirements.
Will there be any modification, renovations or capital expenditure required before the deconversion sale?
The buyer’s offers will be based on the as-is condition of the property and they will be responsible for any deferred maintenance after the closing date.
Would condo owners get compensated for recent improvements?
In most cases, the buyers will allocate a certain percentage of the purchase price for upgraded unit credits. If a unit is eligible for an upgrade credit, the credit would be in addition to the baseline purchase price for the unit.
Do we all have to move?
No. This can vary, but in general, buyers are willing to lease back the units for short term or longer term leases to the owners. Each owner would have the option to lease back or move out at closing. Typical terms are up to a year of leaseback at a rate at or lower than what the unit would rent for otherwise. Special situations typically are accommodated.