AgentRentals

Condo conversion craze puts renters’ rights to the test

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Q: My apartment building is being turned into condominiums. Where can I find out more about my rights as a tenant? A: You're not alone. According to a joint release by the U.S. Department of Housing and Urban Development and the Census Bureau, 266,000 multifamily housing starts were reported nationally for May 2005. Completion rates for units in buildings with five units stood at 318,000. With the booming real estate market blasting many tenants from their rentals, many are left wondering about their options. For links and a treasure trove of housing and renting information on a national level, start with the Housing and Urban Development Web site at http://www.hud.gov. Hone in on the search by state, since most states have some type of overview of consumer law for renters. In California, for example, a publication titled "California Tenants" is a great resource for renters and landlords," said Russ Heimerich, a spokesperson for the California Department of Consumer Affairs. "The gu...