Property Management
A Minnesota landlord wants to convert their rental property to a condominium. Under Minnesota's Condominium Act, existing tenants must receive:
AImmediate notice to vacate
BNo notice since the owner controls the property
CAdvance notice and certain rights, including a right of first refusal to purchase their unit✓ Correct
DA mandatory 3-month lease extension
Explanation
Minnesota's Condominium Act (Chapter 515B) requires landlords converting rental properties to condominiums to provide advance notice to existing tenants and offer them a right of first refusal to purchase their unit. Tenants have a period in which they can match any third-party offer.
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