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Read your governing documents to discover this process. You will require the services of an association-savvy attorney to help you.

There may be assets that must be re-designated in terms of ownership, such as amenities, roadways, landscape assets and so forth.

Be aware, that it may not be possible, depending on your situation.

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10y ago
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12y ago

Your governing documents may provide for this in the case of a total write-off of destroyed real estate.

Otherwise, you'll need an association-savvy attorney in your state who can advise you about separating real estate assets owned in common, and about the feasibility of dissolving your association.

Lacking a natural disaster, separating the commonly-owned real estate assets could be a significant challenge.

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