A. Upon approval of a final map or a final parcel map for the conversion of an existing multi-residential building to a condominium project, the owner of the building being converted shall offer to lease a dwelling unit in the building being converted for the term and at the rent hereinafter provided for by this section to those tenants occupying a dwelling unit in the building being converted who also occupied such dwelling unit on the date a notice of intention to convert was served as required by the Subdivision Map Act and who are either 62 years of age or older or disabled tenants; provided, however, that the owner of the building being converted shall not be obligated to lease more than twenty percent (20%) of the dwelling units in the building being converted to such tenants; provided further, that where more than twenty percent (20%) of the dwelling units in the building being converted are occupied by such tenants, an offer to lease a dwelling unit in the building being converted shall be made to such tenants in the order of the length of time such tenants have occupied a dwelling unit in the building being converted, those tenants having occupied a dwelling unit the longest being offered a lease first; and provided further where twenty percent (20%) of the dwelling units in the building being converted is a fraction or a whole number plus a fraction, the fraction shall be rounded off to the next lowest whole number if less than 5/10, and to the next highest whole number if 5/10 or more;
B. A tenant accepting an offer to lease a dwelling unit in a multi-residential building being converted to a condominium project made by the owner of the building being converted as hereinbefore provided by this section shall have the right to lease his or her dwelling unit for a term up to five (5) years or, where such tenant is 62 years of age or older, for the life of such tenant; provided that the owner of the building being converted shall not be obligated to lease more than ten percent (10%) of the dwelling units in the building being converted to such tenants who are 62 years of age or older for a life term; provided further, that where more than ten percent (10%) of the dwelling units in the building being converted are occupied by such tenants who are 62 years of age or older, the right to lease a dwelling unit in the building being converted for a life term shall be accorded to such tenants who are 62 years of age or older in the order of the length of time such tenants who are 62 years of age or older have occupied a dwelling unit in the building being converted, those tenants who are 62 years of age or older having occupied a dwelling unit the longest being accorded the right first; and provided further where ten percent (10%) of the dwelling units in the building being converted are occupied by such tenants who are 62 years of age or older is a fraction or a whole number plus a fraction, the fraction shall be rounded off to the next lowest whole number if less than 5/10 and to the next highest whole number if 5/10 or more;
C. A tenant accepting an offer to lease a dwelling unit in a multi-residential building being converted to a condominium project made by the owner of the building being converted as hereinbefore provided by this section shall have the right to lease tenant's dwelling unit for rent in an amount not greater than that charged the tenant on the date that the final map or parcel map was approved. Provided that the rent charged the tenant may be increased annually during the term of the lease in an amount not greater than 75% of the percentage increase in the consumer price index for the period between the date of the last previous rent increase, or if there has been none, the date the tenant leased tenant's dwelling unit and the date the proposed rent increase is to be put into effect, as measured by the consumer price indices last published prior to the date the proposed rent increase is put into effect;
D. Upon termination of a lease for a dwelling unit in a multi-residential building being converted to a condominium project made between the owner of a building being converted and a tenant as hereinbefore provided by this section, the owner of the dwelling unit leased to such tenant shall provide such tenant with all of the relocation assistance hereinbefore required by this chapter.
(Ord. 2591 (part))