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owner of an existing apartment building may decide to
convert the units to condominiums (or other form of
common interest development) and offer the units for
sale. Among the requirements for approval of such a
subdivision are certain notices to current and prospective
tenants. These notices must include information relative
to public hearings regarding the proposed conversion
and the right of a current tenant to purchase his/her
unit.
A developer and a city or county may, as a condition
of condominium map approval, enter into an agreement
that newly-constructed units will be rented for ten
years (or more) and then may be sold as condominiums.
As part of this agreement, the developer must provide
current and prospective tenants with certain notices
relative to the eventual sale. Again, a tenant must
receive notice of his/her right to purchase the unit.
Government Code Sections 66427.1,
66452.8, 66452.9, 66452.50 and 66452.51
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