SR 06:263 - Laserfiche WebLink

ATTACHMENT A 3. Parking shall be provided according to standards established for condominiums by Chapter 18.88 of this code or, in the event the project was approved initially as a common interest development, the parking requirements set forth in the project's approval. 4. Developer shall provide each buyer of a unit a home ownership warranty covering any necessary structural, electrical, roofing, and plumbing repairs for a period of five years from the date of purchase and to cover any necessary heating and air conditioning repairs for a period of two years from the date of purchase. 5. Developer shall assure that the project's budget is funded to meet maintenance requirements from the date the first unit is sold. B. Notwithstanding subsection A of this section, the City Council may waive any standard pursuant to Section 17.04.080 of this Chapter. 17.04.050 Tenant Protection Requirements. A. Notice Requirements. All tenants shall be kept fully informed of the following actions taken by the developer in proceeding with the condominium conversion project. The developer shall provide the following written notices to all tenants: 1. A notice of intent to request the City's approval for conversion, no less than thirty (30) days prior to the date the application for conversion is submitted to the City. The notice must include the proposed conversion schedule, the proposed estimated unit sales pricing, the opportunities for affordable housing and the tenant protection provisions of this section. 2. All other notices required by the State Subdivision Map Act. B. Delivery of Notices. All notices shall be delivered to all tenants occupying a unit and all prospective tenants who have executed a lease but have not yet occupied a unit. C. Rent Increase and Lease Protection. During the time between the date the developer submits the condominium conversion application and one year after the date of approval, the lease, including amount of rent, of any tenant continuing to reside in the project shall be under the same terms and conditions as existed six months prior to the date that the condominium conversion project application is submitted to the City, except that rent may increase at an annual rate equivalent to the Bay Area Consumer Price Index or five percent (5%), whichever is less. D. Elderly, Handicapped and Very-low Income and Low-Income Tenants. 1. Any elderly, handicapped, very-low and/or low-income tenant who has continuously occupied a unit for twenty-four (24) months or more prior to the date a tenant is provided a notice of right of first refusal to purchase a unit pursuant to subsection E of this section, shall have special leasehold rights. Elderly and handicapped tenants shall have the right to continue to lease their units for nine years from the date of such notice. Very-low income tenants shall have the right to continue to lease their units for three years from the date of such notice. Low-income tenants shall have the right to continue to lease their units for Gfle Page 4 of9