Condo Conversions in Oakland - A New Wind is Blowing

The East Bay Times article published on December 17, 2019 discusses a revision to the condo conversion ordinance being considered by the Oakland City Council. 

See: Oakland may tighten 40-year old condo conversion laws.

For a discussion of the most recent reports and version of the proposed new ordinance, click here:

This link, which reports City Council meetings, summarizes the proposed ordinance below and provides the latest revision to the proposed ordinance and a report about the process that the building Owner will need to follow to convert their building to condominiums.

The summary states the following:

"Subject: Modifications To Condominium Conversion Ordinance From: President Pro Tempore Kalb Recommendation: Adopt An Ordinance Amending Oakland Municipal Code Chapter 16.36, Condominium Conversions, To:

(1) Extend The Conversion Rights Requirement To Two- To Four-Unit Residential Buildings;

(2) Require That A Conversion Rights Agreement Be Recorded At Latest 60 Days After The Building Permit For The Generating Residential Building Is Issued;

(3) Enhance Tenant Rights And Notice Requirements To Tenants; And

(4) Make Other Modifications; And To Direct City Administrator Or Designee To Study Alternative Methods Of

(A) Ensuring One-For-One Replacement Of Rental Units In The City As A Result Of Condominium Conversions And

(B) Increasing Affordable Home Ownership And Reducing Displacement Of Renters Subject To Conversion; And Adopt CEQA Exemption Findings.