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What Is Condominium Conversion Protection For Tenants?

During the late 1970s thousands of rental buildings were converted to condominium ownership by real estate developers. The tenants had to buy the apartments if they wanted to stay in the buildings. This was financially impossible for many tenants, and they had to move out. Protests by tenants led to the passage of laws in many communities controlling the method of the conversion and in some cases even the right of developers to convert buildings at all. These laws` most common restriction required the developer to bring the building fully up to the standard of the local housing code. The restriction most desired by tenants was the requirement that a certain percentage of the existing tenants had to buy in order for the conversion to go forward. Sometimes the existing tenants who did not buy had the right to continue to rent in the building even if the conversion occurred. In no area, however, has legislation stopped conversions entirely.

Other Alaska Landlord/Tenant FAQs

Q: Are There Tenants' Rights Not Covered In Urlta? (Uniform Residential Landlord And Tenant Act)?
A: Yes. URLTA does not provide for security of tenure; control over rent increases; payment of reduced rent for reduced services; freedom of speech in relationship with a … More
Q: Does The Urlta Favor Tenants Over Landlords?
A: No. URLTA provides for both landlord and tenant obligations and remedies.
Q: What About Political Signs?
A: A landlord may be able to force you to remove a political sign from your window. The First Amendment to the Constitution provides that the government may not abridge … More
Q: Are There Any Legal Pitfalls In Choosing A Tenant?
A: Landlords need to take special care to treat all prospective tenants in the same way. The law prohibits many kinds of distinctions that landlords used to make in … More
Q: What Is Security Of Tenure?
A: Security of tenure provides that the tenant has the legal right to continue the tenancy indefinitely unless the tenant violates certain rules or regulations or the … More
Q: How Can Landlords Go About Choosing Tenants?
A: If you are offering a place to rent, have the prospective tenants complete a rental application. Standard application forms are usually available at stationery stores. … More
Q: How Else Can Landlords Evaluate Prospective Tenants?
A: Many areas have companies that specialize in tenant records. They can tell you if someone has been evicted in the past or failed to pay the rent. General credit … More

Landlord/Tenant Sub-categories

Landlord Rights
Landlord Tenant Law
Landlord Tenant Rights
Leases
Rent

Rental Discrimination
Repairs
Security Deposit
Terminations and Evictions