What happens to tenants when a Placentia building converts to condos?

Placentia's code: No more than 100 units in the next 12 months. (When a rental housing shortage exists.) (§ 22.84.190); Actual moving costs, up to $500. (Tenants who move after city approval, unless they gave written notice of moving before the conversion notice.) (§ 22.84.140).

Condo conversions in Placentia: the local rules

Placentia code What Placentia's code adds
Limits on conversions	No more than 100 units in the next 12 months. Applies: When a rental housing shortage exists. § 22.84.190 · code text In the event a rental housing shortage exists, the maximum number of conversions to be approved during the subsequent twelve (12) month period shall not exceed one hundred (100) units.
Relocation help	Actual moving costs, up to $500. Applies: Tenants who move after city approval, unless they gave written notice of moving before the conversion notice. § 22.84.140 · code text Actual moving expense incurred when moving, not to exceed $500; First month's rent at the new unit, up to $500. Applies: Tenants who move after city approval, unless they gave written notice of moving before the conversion notice. § 22.84.140 · code text The first month's rent on the tenants new rental unit, if any, after moving from the subject property, but not to exceed $500. At least 1 1/2 times the tenant's current monthly rent. Applies: Minimum combined amount of the moving cost and first month's rent payments. § 22.84.140 · code text The minimum provided under subdivisions (1) and (2) of this subdivision shall be equal to one and one-half (1 1/2) times the tenant's present monthly rent.
Notice to tenants	Notice of intent to convert at least 60 days before the tentative map is filed. § 22.84.140 · code text A written notice of intent to convert shall be provided to each tenant at least 60 days prior to the filing of the tentative subdivision map. 10 days' written notice that a public report application will be filed and the report is available on request. § 22.84.140 · code text In addition, each tenant shall be provided 10 days written notice that an application for a public report will be submitted to the department of real estate, and that such report will be available on request.
Tenants' right to buy	Right of first refusal to buy your unit at no more than the public price, for at least 90 days. Applies: From the public report or start of sales, whichever is later. § 22.84.140 · code text The right of first refusal shall extend for not less than 90 days from the date of issuance of the subdivision public report of commencement of sales, whichever date is later.
Vacancy-rate test	A rental shortage exists if vacancy is under 3% in 2-family and multifamily homes over the past 6 months. Applies: Conversions are then capped at 100 units in the next 12 months. § 22.84.190 · code text A rental housing shortage exists if the vacancy factor for two family and multiple family dwellings is less than 3% for the six months preceding the determination.

Condo conversions in Placentia

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