Condominium Act; allows elderly or disabled tenants in conversion units to assign purchase right. (HB393)

Introduced By

Del. David Englin (D-Alexandria)

Description

Condominium Act; conversion condominiums; rights of certain elderly or disabled persons. Gives a tenant in a conversion condominium who is elderly or disabled and eligible for a lease extension under current law and ordinance, the ability to assign the right to purchase his unit to a government agency, housing authority, or nonprofit corporation for the purpose of leasing that unit back to the tenant and keeping the unit as affordable housing. Amends § 55-79.94 (“Conversion condominiums; special provisions.”), of the Code of Virginia. View Full Text »

Outcome

2 votes