§ 34-36-37. Rights of tenants upon conversion to condominium ownership.
Whenever there is a conversion of residential real estate from rental status to condominium ownership the following provisions shall apply to the owner, developer, and tenants of the property:
(1) All tenants shall be given at least one hundred twenty (120) days notice of the conversion. Rents shall not be increased during the notice period.
(2) Tenants shall have the right to cancel their lease and receive no penalties for the cancellation as long as all obligations of the lease have been met.
(3) The owner or developer shall honor all leases.
(4) All tenants shall be extended the first opportunity to purchase their units.
(5) An owner or developer shall not offer units for sale to the general public at terms more favorable than offered to the tenants, for a period of one hundred twenty (120) days subsequent to the tenant’s failure to exercise his or her right to purchase.
(6) Tenants shall have sixty (60) days to inform the owner or developer of their intentions, and during this period the owner or developer shall not sell the units to the general public.
(7) Any tenant who has attained the age of sixty-two (62) shall be given one-year notice. Rents shall not be increased during the notice period.
(8) The owner or developer shall pay reasonable moving expenses and costs, to any tenant who has attained the age of sixty-two (62), within a fifty (50) mile radius.
History of Section.P.L. 1981, ch. 242, § 1.
Structure Rhode Island General Laws
Chapter 34-36 - Condominium Ownership
Section 34-36-1. - Short title.
Section 34-36-2. - Applicability.
Section 34-36-3. - Definitions.
Section 34-36-4. - Units deemed separable.
Section 34-36-5. - Units may be held in ownership as in other property.
Section 34-36-6. - Exclusive ownership and possession.
Section 34-36-7. - Incidents of ownership.
Section 34-36-8. - Compliance with declaration and rules.
Section 34-36-9. - Alterations.
Section 34-36-10. - Declaration — Recording.
Section 34-36-11. - Deeds — Contents.
Section 34-36-12. - Recording of instruments affecting property — Separate index.
Section 34-36-13. - Survey map.
Section 34-36-14. - Descriptions of unit.
Section 34-36-15. - Bylaws — Recording.
Section 34-36-16. - Bylaw provisions.
Section 34-36-17. - Records of management.
Section 34-36-18. - Release of initial liens.
Section 34-36-19. - Unit liens.
Section 34-36-20. - Common expenses — Payment.
Section 34-36-21. - Interest of unit owner acquired on forced sale.
Section 34-36-22. - Removal of property from application of chapter.
Section 34-36-23. - Resubmission of property to chapter.
Section 34-36-24. - Common profits and expenses — Distribution and charging.
Section 34-36-25. - Voluntary conveyance of unit.
Section 34-36-26. - Liability of unit owner for common expenses absolute.
Section 34-36-27. - Separate assessment for taxation.
Section 34-36-28. - Perpetuities and restraints on alienation.
Section 34-36-29. - Insurance.
Section 34-36-30. - Reconstruction on insured loss.
Section 34-36-31. - Repairs on insured loss.
Section 34-36-32. - Sale or disposition of entirety.
Section 34-36-33. - Actions relating to common areas.
Section 34-36-34. - Liability of unit owners, tenants, employees.
Section 34-36-34.2. - Punitive damages — Attorney’s fees.
Section 34-36-35. - Chapter supplemental.
Section 34-36-36. - Severability.
Section 34-36-37. - Rights of tenants upon conversion to condominium ownership.
Section 34-36-38. - Applicability of local ordinance, regulation, and building codes.