Property Ownership
In Montana, a 'condominium conversion' occurs when:
AA commercial building is converted to residential use
BAn existing multi-unit rental property is converted to individual condominium ownership, allowing units to be sold separately✓ Correct
CA single-family home is converted to a two-unit property
DAgricultural land is converted to condominium development
Explanation
Condominium conversion transforms a rental apartment building into individually owned condominium units. In Montana, this requires filing a condominium declaration and plat, and may have notice requirements for existing tenants.
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