SENATE BILL 782

File Code: Real Property Crossfiled with: HOUSE BILL 1259

Sponsored By:

Senator Gladden

Entitled:

Real Property - Condominiums - Conversion of Rental Facilities - Extended Leases and Moving Expenses

Synopsis:

Increasing from 20% to 25% the percentage of units that a developer converting a rental facility to a condominium is required to set aside for designated households that qualify for extended leases; increasing from $750 to $1,000 the maximum amount of moving expenses for which a developer is required to reimburse specified households; altering the calculation of a specified income eligibility figure from 80% to 70% of the median income for an area; etc.

History by Legislative Date

Senate Action

2/3

First Reading Judicial Proceedings

2/8

Hearing 2/15 at 1:00 p.m.

2/27

Unfavorable Report by Judicial Proceedings

House Action

No Action

Bill indexed under the following Subjects:

CONDOMINIUMS

LANDLORD AND TENANT -see also- EVICTION; LEASES & RENT; etc.

LEASES AND RENT

NOTICES

Bill affects the following Statutes:

Real Property

( 11-102.1 , 11-102.1 , 11-137 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered