SR 05:197 - Laserfiche WebLink

Page 5 of7 percent, whichever is less. No rent increase allowed by this section shall be established l.mtil one year has elapsed from receipt of condominium conversion approval; subsequent rent increases shall be allowed no more frequently than annually. The terms and conditions of leases affecting tenants not residing in the project at the time of approval (e.g. upon change of occupancy) shall not be subject to any limitation contained in this section. C. Elderly and Handicapped Tenant Rights. Any elderly or handicapped tenant, as defined in Section 17.04.020, who has occupied a dwelling unit or mobile home space in a proposed condominium conversion project for eighteen months or more on the date of approval of the project shall have special leasehold rights. Elderly tenants shall have the right to lease their units for nine years; handicapped tenants shall have the right to lease their units for seven years. Such extended leases shall be under the same terms and conditions as existed at the time of activation of the application, except that rent may increase at an annual rate equivalent to the Bay Area Consumer Price Index or seven percent, whichever is less. Extended leases shall begin as of the date of approval of the condominium conversion. At the time of conversion, any dwelling unit subject to this extended lease provision shall be refurbished at the expense of the developer in a like manner as those units to be sold as condominiums, and said dwelling unit shall be adequately maintained for the duration of the lease. Refurbishing shall include all cosmetic improvements (painting, linoleum, carpeting, drapes, counters, etc.) as well as any structural changes required of converted units. D. Tenant Relocation Assistance. All persons living in units or occupying mobile home spaces on the date of approval of the condominium conversion project who choose not to purchase units in the condominium conversion project shall be afforded the relocation assistance included below: 1. Relocation assistance provided by a professional property management agency, at the expense of the developer, in finding a comparable replacement rental unit; such assistance shall include, at a minimum, providing rental availability reports and updating same, assisting tenants inspect available units, and providing other personal services related to the relocation of each tenant; 2. Moving expenses paid for by the developer in an amount equal to the actual costs for any tenant relocating in the Tri-Valley Area, or five hundred dollars, whichever is less. The city council may adjust the maximum moving expense allowable year to year to reflect increases in costs; 3. Utility connection fees paid for by the developer in an amount equal to actual expenses up to a maximum of one hundred dollars. The city council may adjust the amount required in this subsection year to year to reflect increases in costs. E. Tenant Purchase Assistance. Tenants living in units or occupying mobile home spaces on the date of approval of the condominium conversion project shall be afforded the right to purchase their respective units or another unit in the complex under preferential terms. Preferential terms shall include the following: 1. First right to refusal to purchase their own unit; 2. Price reduction of fifty dollars per month for every month a tenant has resided in the complex, up to a maximum of one thousand dollars, from the price like units are offered to http://66.113.195.234/CAIPleasantonldocbar.htm 1/4/2005