Chapter 926-14 — SPECIAL LEASES AND RENT INCREASE

At the time of the notice of right to purchase tenants over age sixty-two wishing to purchase a residential unit shall be offered lifetime leases on the same terms under which the unit is currently rented. Tenants with school age children not wishing to purchase their units shall have then-leases extended at least until one month after the end of the school year, at the tenant's discretion. Tenant households which are lower income shall be offered two-year leases. Handicapped tenants shall be offered at least three-year leases. Special leases shall be binding on future owners of said units, shall prohibit subleasing, and shall be terminable at the option of the tenant upon sixty days' notice to the owner. Rent increases on special leases shall be limited to the rent increase limitations provided in Section 926-14.204.

(Ord. 82-36 § 3).

Upon filing an application for conversion, a tenant's residential rent shall not be raised by more than the amount of one hundred percent of the change in the Consumer Price Index - rental component for the San Francisco - Oakland SMS A for the previous twelve-month period prior to filing. The rental increase limitation is cumulative within each successive twelve-month period and shall apply to subleased units.

(Ord. 82-36 § 3).