Overview

Boston’s condominium conversion ordinance gives tenants a right of first refusal to purchase their units, along with several other protections. Before converting a rental unit to condominium, Boston requires developers and property owners to give a five-year notice to senior, disabled and low-income tenants. If the lease expires within the notice period, the owner must extend the lease to allow the tenant to stay for the entire notice period. Also, throughout the notice period, annual rent increases cannot exceed 10 percent of the Consumer Price Index. Owners must provide displaced tenants a relocation stipend of up to $10,000 if they are low-income, elderly or disabled.

For More Info:

http://www.cityofboston.gov/news/Default.aspx?id=17914