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ME - Changing Ladscape
Maine’s lawyers and property managers involved in the condominium market are discovering the condo real estate rules are presenting a changing landscape due to the patchwork quilt of local condo ordinances and permitting rules spreading throughout the state. No longer is the Maine Condominium Act the only reference to be reviewed when their developer client calls. Southern Maine is seeing an expanding market in new condos with apartments being converted to condos from Portland to Biddeford. While new residential developments are receiving negative push-back from neighbors in such communities as Scarborough, Westbrook, and Portland’s Munjoy Hill neighborhood due to perceived impact on infrastructure, the conversion of multi-family buildings causes different concerns.