Florida Community Association Manager Practice Exam

What right do tenants have when a rental property is converted to a condominium?

1. The option to extend their current lease

2. The right to vote on the conversion

3. The right to negotiate a new lease

4. No rights associated with the conversion

The correct answer is: The option to extend their current lease

When a rental property is converted to a condominium, tenants often have specific rights intended to protect their interests during the transition. One of the rights that tenants generally have is the option to extend their current lease. This provision provides tenants with security and stability, allowing them to continue living in their rental unit under the terms they previously agreed upon, even as ownership and the nature of the property change. This option typically reflects the need for tenants to have a transition period during which they can consider their future housing arrangements without being abruptly displaced or subjected to sudden changes in lease terms. The combination of rental laws and condominium conversion regulations is designed to ensure that tenants are given fair treatment and sufficient notice of any changes that might be made to their tenancy in light of the conversion. In contrast, the other options presented do not accurately capture the rights typically granted to tenants during a condominium conversion. For example, while tenants may have limited involvement in the voting processes for the overall conversion, it is not a universal right that extends to every tenant. Negotiating a new lease may come into play, but it is not a guaranteed right stemming specifically from the conversion process. Lastly, suggesting that tenants have no rights associated with the conversion overlooks established tenant protections designed to address these very