No Condominium Conversion; No Short-Term Rentals Clause Samples

No Condominium Conversion; No Short-Term Rentals. Owner shall not convert the BMR Unit to condominium or cooperative ownership or sell condominium or cooperative rights to the BMR Unit during the term of this Agreement. The BMR Unit must be occupied as the tenant’s principal residence. Subleases and assignments are not permitted except to Eligible Households at an Affordable Rent.