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2007 SESSION

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HB 393 Condominium Act; allows elderly or disabled tenants in conversion units to assign purchase right.

Introduced by: David L. Englin | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Condominium Act; conversion condominiums; rights of certain elderly or disabled persons. Gives a tenant in a conversion condominium who is elderly or disabled and eligible for a lease extension under current law and ordinance, the ability to assign the right to purchase his unit to a government agency, housing authority, or nonprofit corporation for the purpose of leasing that unit back to the tenant and keeping the unit as affordable housing.


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