Property Management
An owner wants to convert a residential rental building to condominiums and sell the units. Under California law, what must the owner provide to existing tenants?
AImmediate written notice to vacate within 30 days
BA right of first refusal to purchase their unit at the listed price
CAdvance notice of conversion and the opportunity to purchase their unit✓ Correct
DFree relocation assistance equal to 6 months' rent
Explanation
California Government Code Section 66427.1 requires that existing tenants be given notice of a condominium conversion and a right of first refusal to purchase their unit. Local ordinances may impose additional tenant protections, longer notice periods, and relocation benefits beyond the state minimum requirements.
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