Common use of Restriction on Conversion Clause in Contracts

Restriction on Conversion. The owner shall not convert the units in the project to condominium ownership or to a form of cooperative ownership that is not eligible to receive a housing development grant, during the 20-year period from the date on which the units in the project are available for occupancy.

Appears in 10 contracts

Samples: www.govinfo.gov, www.govinfo.gov, www.govinfo.gov

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