Title 15 — Commerce and Trade
Chapter 62 — Condominium and Cooperative Conversion Protection and Abuse Relief
§ 3605. Notice of conversion and opportunity to purchase; responsibility of State and local governments
Statutory text
It is the sense of the Congress that, when multifamily rental housing projects are converted to condominium or cooperative use, tenants in those projects are entitled to adequate notice of the pending conversion and to receive the first opportunity to purchase units in the converted projects and that State and local governments which have not already provided for such notice and opportunity for purchase should move toward that end. The Congress believes it is the responsibility of State and local governments to provide for such notice and opportunity to purchase in a prompt manner. The Congress has decided not to intervene and therefore leaves this responsibility to State and local governments to be carried out.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Condominium and Cooperative Abuse Relief Act of 1980
Pub. L. 96–399 title VI § 606 · 94 Stat. 1614
Enacted · 15 U.S.C. § 3605
(Pub. L. 96–399, title VI, § 606, Oct. 8, 1980, 94 Stat. 1676.)
Source evidence
Code source credit
(Pub. L. 96–399, title VI, § 606, Oct. 8, 1980, 94 Stat. 1676.)Enacted provision · exact public law section
Sec. 606. condominium and cooperative conversions It is the sense of the Congress that, when multifamily rental housing projects are converted to condominium or cooperative use, tenants in those projects are entitled to adequate notice of the pending conversion and to receive the first opportunity to purchase units in the converted projects and that State and local governments which have not already provided for such notice and opportunity for purchase should move toward that end. The Congress believes it is the responsibility of State and local governments to provide for such notice and opportunity to purchase in a prompt manner. The Congress has decided not to intervene and therefore leaves this responsibility to State and local governments to be carried out.
1 of 1 references resolved to an enrolled provision