Title 15 — Commerce and TradeRelease 119-73
§3605 Notice of conversion and opportunity to purchase; responsibility of State and local governments
Title 15 › Chapter CHAPTER 62— - CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE RELIEF › § 3605
Summary
When rental apartment buildings are turned into condominiums or cooperatives, tenants should get clear notice and the first chance to buy their units. State and local governments that haven't set rules should act quickly to provide these notices and purchase opportunities, because Congress will not take over that job.
Full Legal Text
Title 15, §3605
Commerce and Trade — Source: USLM XML via OLRC
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.
Reference
Citations & Metadata
Citation
15 U.S.C. § 3605
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73