42-79 New 1327 Housing - Condos - Laserfiche WebLink

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, -12- (2) During said period, the developer may offer to sell said unit to prospective purchasers other than the tenant ata price not less than offered to the tenant and/or on terms not more favorable than offered to the tenant, and eßch contract for sale of a unit shall conspiciously disclose the existence of, and shall be subject to, such right of first refusal. (3) If during said period the tenant fails to purchase the unit, the developer shall not offer to sell that unit during the following ninety (90) days.at a price or on terms more favorable to the offeree than the price or terms offered to the tenant without first making the same offer to the tenant, who shall have ten (10) days therefrom within which to accept the offer. (i) Co"Tenant's Rights. (1) If there is more than one tenant leasing a unit, then each such tenant shall be entitled to contract for the purchase of a proportionate share of the unit and of a proportionate share of the share of any tenant who elects not to purchase. (2) In no case shall this provision be deemed to authorize the purchase of less than the entire interest in the unit to be conveY-ed. (j) Tenant's Right to Cancel Contract (1) A_tenant,may, at his election, cancel an executed contract between himself and the developer for the purchase of a condominium ownership interest by delivering to the developer or his agent written notice of cancellation at any time before midnight local time of the third day following the date the contract is signed by the tenant, notwithstanding any other provisions of this ordinance. (2) Upon receipt of a timely cancellation the developer shall immediately refund any deposit, earnest money, or other funds and the parties shall have no further rights or liabilities under the contract. Each tenantts contract for sale of a unit shall conspiciously disclose the tenant1s right of cancellation. (k) Developer's Right of Access. (1) The tenant in a cDnversion condominium development shall not unreasonably wjthhold consent to the developer to enter the unit in order to inspect the premises, make necessary or agreed repairs, sMPply necessary or agreed services, or show the unit to purchaser. (2) Except in case of emergency, or unless it is impracticable to do so, 'the deve 1 oper sha 11 gi ve the tenant reasonab 1 e notice of his intent to enter and may enter only at reasonable times. Twenty-four (24) hours ;s presumed to be a reasonable notice in the absence of evidence to the contrary. (3) The developer shall not abuse the right of access or use it to harass the tenant. Entry by the developer in excess of twi ce in any seven (7) day peri ad for the purpose of showi'ng the unit to purchasers shall be presumed to be an abuse of the right of access in the absence of evidence to the contrary. (1) Non-Waiverability of Obligations and Rights. Neither the obligations nor the rights under this Section 1327,06 may be waived in -a contract of lease, a contract of sale or otherwise, and any attempted waiver is void.