(A) Every contract of sale for each condominium unit shall contain a provision requiring that satisfactory rental arrangements will be afforded the prospective purchaser for a definite period of time in the eventuality that the condominium project does not succeed in anticipated sales.
(B) Every contract of sale for a condominium unit shall provide that in the eventuality the condominium project is not consummated within a reasonable period of time, the prospective purchaser or purchasers will be afforded rental arrangements for a reasonable period of time, and that a specific portion of the rental payment will be applied to the condominium unit purchase price as settlement. (Ord. 2532, 8-15-2005)