Property Management
A Kentucky landlord wants to convert their rental property to condominiums. Existing tenants who wish to purchase their units should be given:
ANo notice since the landlord owns the property
BRight of first refusal to purchase their unit✓ Correct
COnly 30 days notice to vacate
DAutomatic ownership of their unit under Kentucky conversion law
Explanation
Kentucky condominium conversion law generally requires that existing tenants be given notice of the conversion and a right of first refusal (right to purchase their unit on the same terms being offered to others) before the unit can be sold to a third party.
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