HB 2295

RELATING TO RESIDENTIAL LEASE-TO-FEE CONVERSION

By Representative(s) HAMAKAWA

Keywords: CONDOMINIUMS, COOPERATIVE HOUSING CORPORATIONS, HOUSING, PROFESSIONS AND OCCUPATIONS, REAL PROPERTY, RESIDENTIAL LEASEHOLDS

Report Title: Condominium; Leasehold

Description: Establishes a fair market value standard (FMVS) for appraising the leased fee interest of condo and co-op housing corporations for leases that do not specify an appraisal standard and for leases on or after effective date of this Act; allows FMVS if lessor and lessee agree for leases prior to date of this Act.

 1-26-00        H Introduced and passed First Reading                      
 1-26-00        H Referred to the committees on CPC/JHA, referral
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