100.305 Conversion condominium; notice
340 words·~2 min read·
/or/ors-chapter-100/condominiums/conversion-condominiums/100-305·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
100.305 Conversion condominium; notice.
(1)A declarant of a conversion condominium shall give each of the existing tenants of any building which the declarant intends to submit to the provisions of this chapter notice of the conversion at least 120 days before the conversion condominium is submitted to the provisions of this chapter. Thereafter, until the property is submitted to the provisions of this chapter, the declarant shall provide a copy of such notice to any new tenant before the commencement of the tenancy. The notice of conversion shall:
(a)State that the declarant intends to create a conversion condominium and include general information relating to the nature of condominium ownership.
(b)State that the notice does not constitute a notice to terminate the tenancy.
(c)State whether there will be a substantial alteration of the physical layout of the unit.
(d)State whether the declarant intends to offer the unit for sale and, if so:
(A)Set forth the rights of the tenant under ORS 100.310
(1)to (3), including the time available for the declarant to make an offer to sell and for the tenant to respond;
(B)Set forth a good faith estimate of the approximate price range for which the unit will be offered for sale to the tenant under ORS 100.310
(1)and (2);
(C)Set forth a good faith estimate of the monthly operational, maintenance and any other common expenses or assessments appertaining to the unit;
(D)State that financial assistance for purchasing the unit may be available from a local governing body, the Housing and Community Services Department or a regional housing center;
(E)Give contact information for the local regional housing center or, if no regional housing center exists, for the Housing and Community Services Department; and
(F)State that the landlord may not terminate the tenancy without cause if the termination would take effect before the end of the 120-day period described in this subsection or the 60-day period described in ORS 100.310.
(e)Include information in substantially the following form: