After the date of issuance of the Notice of Intent to Convert, each tenant in a proposed residential condominium conversion shall have the following rights with respect to the tenant's unit:
(a)
Right to Terminate Lease or Rental Agreement. The tenant may terminate a lease or rental agreement, without penalty, upon 30 days' notice to the owner;
(b)
No Unjust Eviction. Tenants who comply with the terms of their rental or lease agreements and with the written regulations of the rental property may not be evicted until the expiration of either the 180 day period specified in Section 9-12.107(h) or the extension described in Section 9-12.109(a)(2), whichever is later;
(c)
Limitations on Rent Increases. After the applicant has issued the Notice of Intent to Convert, the rent for any dwelling unit shall not be increased for a 180 day period. After the expiration of the 180 day period, the rent for any tenant may not be increased more than once annually, and such increase shall not exceed the rate of increase in the consumer price index for the same period.
(Ord. 523 § 2, 2007)