§ 3605. — Notice of conversion and opportunity to purchase; responsibility of State and local governments.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC3605]
TITLE 15--COMMERCE AND TRADE
CHAPTER 62--CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE
RELIEF
Sec. 3605. Notice of conversion and opportunity to purchase;
responsibility of State and local governments
It is the sense of the Congress that, when multifamily rental
housing projects are converted to condominium or cooperative use,
tenants in those projects are entitled to adequate notice of the pending
conversion and to receive the first opportunity to purchase units in the
converted projects and that State and local governments which have not
already provided for such notice and opportunity for purchase should
move toward that end. The Congress believes it is the responsibility of
State and local governments to provide for such notice and opportunity
to purchase in a prompt manner. The Congress has decided not to
intervene and therefore leaves this responsibility to State and local
governments to be carried out.
(Pub. L. 96-399, title VI, Sec. 606, Oct. 8, 1980, 94 Stat. 1676.)
