SEC. 1395. TIME LIMITS FOR SALE.
§ 1395
Complex
In plain language
Condominium conversion units must be offered for sale to existing tenants within one year after the state approves the subdivision.
When a landlord converts an apartment building into condos, they have to give the people living there the first chance to buy their units. They must make this offer within one year after the state approves the conversion plan.
- Complex:The rule depends on understanding what 'issuance of the State Department of Real Estate's Final Subdivision Public Report' means, which is a technical regulatory milestone not defined in this section.
AI-generated · claude-haiku-4-5 · informational only, not legal advice.
Official text
All units approved for conversion shall be offered for sale to the tenants within one year of the issuance of the State Department of Real Estate's Final Subdivision Public Report.