As local economic conditions improve property owners and developers may consider converting apartment rental units into condominiums. There are two important bodies of law that govern these conversions: the Washington State Condominium Act especially Chapter 64.34.440 RCW and 64.34.442 RCW and the City of Seattle Condominium Conversion Ordinance (Seattle Municipal Code Chapter 22.903).
The conversion requirements in state law and city ordinance changed significantly in late 2008, most especially with regard to reporting and relocation assistance. Property owners and developers, and the attorneys that represent them, should review these changes carefully prior to initiating the conversion process.
For more information, call (206) 615-0808 and ask for Property Owner and Tenant Assistance.