Admin Order 53-07-10-F - Laserfiche WebLink

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Declaration is filed with the County Assessor, which creates the horizontal subdivision necessary to divide the property for sale of individual units). Following this notice, all new tenants must also be notified. The state notice must contain a statement that: a. The Applicant intends to convert and general information about the condominium form of ownership; b. This notice is not a notice to vacate; c. Conveys whether or not there will be substantial alternations to the physical layout of the project; and d. Indicates whether the Applicant intends to offer the unit(s) for sale and if so, the Applicant must set forth an estimate of the approximate price range for which the unit(s) will be offered and an estimate of the operational and common expenses of the condominium. The purpose of the state notice provision is to provide general information about the process and does not constitute an offer to sell the unit( s) at a particular price. The notice does not commit the Applicant to convert the project to condominiums. The state notice must be delivered at least 30 days prior to an offer to sell. Prior to the sale of a unit (without substantial alteration), the unit will be offered to the tenant who occupies the unit. The offer shall: 1 . Terminate 60 days after receipt or upon written rejection by the tenant; and 2. Not constitute a notice to vacate. The unit may not be sold for a price or at terms more favorable than that which is offered to the tenant for 60 days following the termination of an offer to the tenant. In the event that improvements need to be made to the unit(s), the Applicant must have tenant consent during the 120-day notice period, but may proceed with improvements to the common elements during this period. Exhibit 2: Condominium Conversion Informational Brochure Page 90f9