Property Management
Under Minnesota law, a landlord who wants to convert rental apartments to condominiums must provide existing tenants with:
AImmediate notice to vacate
BRequired notice periods and the right of first refusal to purchase their unit at a specified price✓ Correct
COnly a standard 30-day notice
DNo special protections beyond standard lease terms
Explanation
Minnesota has tenant protections when rental buildings are converted to condominiums. Tenants must receive advance written notice (typically 90-120 days), the opportunity to purchase their unit at a price no greater than the conversion price offered to the public, and additional relocation protections in some cases.
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