10-2.13A Notice and Reasonable Opportunity to Purchase Units at the Time of Initial Conversion to Condominiums or Cooperatives.
(A) Notice of planned conversion.
(1) Where, on or after the date that this Subsection is adopted by the city, a landlord converts or has the intent to convert a housing accommodation to the condominium or cooperative form of ownership, the landlord shall, prior to such conversion and/or the marketing of such condominium or cooperative units, give written notice of such conversion or planned conversion to the tenants residing in such housing accommodations, as well as notice to the Center. The notice shall describe the terms under which the tenants may purchase such property. The notice shall describe the price and the terms of any bona fide offer that the landlord would intend to accept for purchase of the housing accommodations. The Center shall provide information to such tenants of their rights under this Section and of available local, commonwealth or federal programs to assist in purchasing such accommodations.
(2) If a tenant who is entitled to receive the notice of intent to convert as required herein vacates the residential unit before the initial sale and transfer of title to the residential unit as a condominium unit has occurred, then the landlord shall give each prospective tenant of the residential unit written notice, prior to the inception of the tenancy, which informs the prospective tenant that the unit is a condominium unit and, if applicable, that the unit is currently being offered for sale or will be offered for sale within 90 days of the inception of the tenancy.