1109.02 RIGHTS OF TENANTS.

   (a)   All Tenants of the owner in a conversion condominium development shall be given ninety (90) days written notice of the owner's intention to convert to condominium and to offer the Tenant's suite for sale to the public if not purchased by the Tenant. Within such ninety (90) days, each Tenant shall have the right of first refusal of such Tenant's suite by giving written notice to the owner of the Tenant's intention to purchase. After giving such written notice to the owner, each Tenant shall have an additional one-hundred-twenty (120) days to enter into a contract for the purchase of the Tenant's suite and to obtain financing.

   (b)   Should the Tenant not purchase the suite, each Tenant shall have the following additional time prior to vacating the suite: Each Tenant shall have one (1) month for each twelve (12) months that such person has been a Tenant at the Apartment  or Multi-Family Dwelling use, with a minimum of four (4)  months. If any Tenant is over sixty-five (65) years old, such Tenant shall be given a minimum of six (6) months to vacate.

   (c)   This section shall not apply to evictions for purposes other than converting an Apartment or Multi-Family Dwelling into a condominium development.

   (d)   During any period of time when a Tenant, not agreeing to purchase his suite, holds over under the protection of this Chapter, the owner may raise the rental not higher than the average of any increase in the Consumer Price Index maintained by the U. S. Department of Labor for the preceding twelve (12) months. (Ord. 2018-94.  Passed 10-21-19.)