(E) Renting units during conversion. If a tenant who is entitled to receive the notice of intent to convert vacates such tenant’s unit either before the initial sale and transfer of title to the residential unit as a condominium or cooperative unit has occurred, and/or after the landlord has otherwise already obtained a conversion permit for a unit which has not expired, then the landlord shall give each prospective tenant of the unit written notice, prior to the inception of a tenancy, which informs such prospective tenant that the unit is being or will be offered for sale as a condominium or proprietary lease as a cooperative, but such prospective tenants shall not be entitled to the protections of this Section, except that they shall be entitled to the benefits of their rental agreement.
(F) Limitation on recovery of possession for condominium and cooperative conversion eviction.
(1) No person shall bring any action to recover possession of a housing accommodation for the purpose of a condominium or cooperative conversion eviction in any building or structure converted to a condominium or cooperative form of ownership until they have been granted a conversion permit, and until the one- or five-year notice period required by this Section has elapsed.
(2) Except as otherwise authorized in this Section, any action to recover possession of a housing accommodation or to increase the rent of a tenant in a housing accommodation who was in occupancy at the time of conversion of the housing accommodation to the condominium or cooperative form of ownership, or at the time of initial sale of the unit as an individual condominium or cooperative unit, shall be presumed to be a condominium or cooperative conversion eviction where any one or more of the following has occurred: