Property Management
A Wisconsin landlord wants to convert an apartment building to condominiums. State law requires the landlord to provide existing tenants with:
ANo notice; tenants have no special rights
BNotice and a right of first refusal to purchase their units✓ Correct
CImmediate eviction compensation
DTwo years of free rent before conversion
Explanation
Wisconsin's condominium conversion law requires that existing tenants receive advance notice of the conversion and be given the right of first refusal to purchase their individual units before they are offered to the public.
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