The provisions of this chapter shall apply to all rental and lease agreements entered
into or renewed, including periodic tenancies renewed on a periodic basis. This chapter
shall also apply to any clauses in rental and/or lease agreements or in a separate
document that purport to confer on a tenant some right, whether qualified or unqualified,
to purchase the landlord's interest in the real property that the tenant occupies
or intends to occupy at a future date as specified in the agreement; and the tenant
agrees to pay an option fee upon execution of the agreement and rent during the term
of the contract; and where the landlord retains legal and equitable title to the property
until such time as the tenant successfully completes the purchase of the property,
after the effective date of this chapter. No obligation imposed by this chapter may
be waived or modified by agreement, written or oral.
(C.M.C. 871-13; ordained as C.M.C. 871-21 by Ord. No. 314-1973, eff. Aug. 4, 1973;
amended and renumbered to C.M.C. 871-13 by Ord. No. 39-1975, eff. Feb. 21, 1975; a.
Ord. No. 326-2004, eff. Nov. 5, 2004)
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