Agmt 1985 United Artists Communications Inc

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• • • • TITLE VII naps; BUILDINGS AND SUBDIVISIONS Chapter 3 Zoning ARTICLE 8. CONDOMINIUM CONVERSIONS Section 7 -3 -800: PURPOSE. It is the purpose and intent of the following provisions to provide minimum standards for the conversion of residential apartment buildings and apartment complexes to projects in which the residential units are individually owned, whether such projects are called a condominium, townhouse, community apartment or stock cooperative, to protect the rights of present tenants, to .make possible the maintenance of a reasonable balance of affordable quality rental and ownership housing in the community and to assure that the project being converted will meet building and common area standards necessary to maintain long -term economic value for the owners. Section 7 -3 -805: CONDOMINIUM4 CONVERSION AUTHORIZATION. No person shall cause a conversion of the type referred to in Section 7 -3 -800 except in accordance with these provisions. Section 7 -3 -810: DEFINITIONS. As used herein the following terms and phrases shall have the meaning respectively ascribed: (a) Apartment - a multi- family rental housing complex in which individual residential units are rented or leased rather than owned separately. (b) Condominium - shall 'ce as defined in Section 1350 of the Civil Code .of the State of California or • successor section. (c) Community Apartment - shall be as defined in Section 11004 of the Business and Professions Code of the State of California or successor section. (d) Stock Cooperative - shall be as defined in Section 11003.2 of the Business and Professions Code of the State of California or successor section. (e) Townhouse - a separate interest in a building and the land directly beneath it, which may be combined with either an undivided interest in the remainder or easements across common areas. 11/10/81 137 •