§ 1399.11. TENANT OPT-IN.  


Latest version.
  • (a) Within 30-days of the date of the Conversion Notice, a tenant or tenants who wish to purchase a Member Share shall "opt-in" by providing to the Subdivider a completed, signed and notarized "Intent to Purchase" form and an "Income Certificate" from the Mayor's Office of Housing verifying their qualified income level, as provided in Section 1399.16.
    (b) Prior to entering into a Purchase and Sale Agreement for a Member Share, a prospective buyer must provide proof of a valid Income Certificate to the seller.
    (Added by Ord. 319-08, File No. 081513, App. 12/19/2008)