Ordinance No. 18866 - Laserfiche WebLink

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18866 Conversion. The process whereby more than two rental housing units sharing one ox more common elements are converted from ownership iri whole by a person or group of persons to ownership by several persons whose ownership interests are separ--ate as to. residential or commercial units located on the real property. "Condo- miniun~ conversion" includes the process prescribed by Dregon Laws, 1979, Chapter 650, sections one through five, and the process of converting rental units to co- operative housing un~.ts, but not including the process of converting; non-residential commercial or industrial buildings to residential condominiums or cooperative housing units. cooperative housin . zmproved real property owned or leased by a cooperative housing corporation ar by any other corporation, partnership,~trust or association in which all or substantially all of the shareholders of the corporation are partners of the partnership or bene- ficiaries of the trust or .members of the association receive a right. of exclusive occupancy in a rental unit of the building, which right of occupancy is transferable only concurrently with the transfer by any means of the stock, partnership interests, beneficial interest, or membership held by the person having such right of occupancy. Declaration of unit ownership. The document sub- mitting property to the state unit ownership law filed pursuant to OR5 91.506, Developer. A "declarant" under Oregon Laws, 1979, Chapter 650, or any person who plans tQ submit property legally or equitably owned in whole or in part by him or her to the provisions of Qx~egon Laws, 1979, Chapter 654, or any person who purchases an .interest in a con- dominium from a declarant or subsequent developer for the,primaxy purpose of resale, including any person, entity, ox group who purchases or is negotiating a pur- chase of a building for use as cooperative apartments, Director, The director of the Department of Hous- ing and Community Conservation of the city. Good cause for eviction. An eviction for one or more of the f o l looting reasons ~.a ~ The tenant has failed to pay rent to which the landlord ~.s entitled within 10 days after it is due; ~b~ The tenant has violated a written obli- gation ox covenant o~ the tenancy other than the obligation to surrender possession upon proper notice, and has failed to cure such violation for 14 days after receiving written notice thereof ~xom the landlord.; ~_c~ The tenant has permitted or is permitting a ~ui,sance to exist in or is causing damage to, the Ordinance - 4