Housing experts say a proposed bill to turn tenants into building owners won’t work without funding to back it up. The state bill would grant tenants the first opportunity to buy their building should it come up for sale. If they cannot come to terms with the owner on a price, it would be determined by an independent appraiser based on the market, according to those crafting the legislation. But giving tenants the inside track
source https://therealdeal.com/2020/02/04/real-estate-pros-call-tenant-takeover-bill-flawed/
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