Florida Community Association Manager Practice Exam

Which statement about the rights of tenants during conversion to condos is accurate?

1. They have no rights during the conversion

2. They can opt for a shorter lease

3. They must leave upon conversion

4. They can choose to extend their current lease

The correct answer is: They can choose to extend their current lease

Tenants' rights during the conversion of a rental property into condominiums are protected under Florida law. When a rental property undergoes conversion, tenants often have the option to extend their current lease. This is part of the legal protections designed to provide tenants with stability and fair treatment during the transition. The correct understanding is that tenants may indeed have the opportunity to negotiate the terms of their lease when a building is being converted to condos, which includes the possibility of extending their lease under existing terms or new terms that they agree upon. This allows tenants to maintain their housing situation while navigating the changes brought about by the conversion process. In contrast, other statements do not reflect the legal rights granted to tenants during such conversions. For example, tenants are not stripped of their rights during this process, nor are they required to vacate immediately. The law recognizes the need for tenant security, especially in a situation where their living environment is undergoing significant change. Therefore, selecting the option that acknowledges tenants can choose to extend their lease aligns with the protections afforded to them under Florida law.