§ 871-13. Application of Chapter.  


Latest version.
  • 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)