Lincoln, Neb., Mun. Code ch. 21.50 § 21.50.030
Property Report
Operative Text
Prior to the furnishing of notice as required herein, the owner shall prepare and file with the building official a condominium property report, said report to be subscribed by said owner. The report shall contain the following information: (a) Statement indicating the names and addresses of the owner and developer of the project. If the owner is a partnership, the name and address of a general partner will be furnished. If the owner is a corporation, the name of the president or chief executive officer will be furnished. (b) Attached to the condominium property report will be a copy of the proposed or filed master deed, with attached exhibits, which will include the following: Description of the land; (c) General description and number of each apartment, expressing its area, location, and any other data necessary for its identification; (d) Description of the general common elements of the building, including recreational facilities; (e) Value of the property and of each apartment; (f) Covenants, conditions, and restrictions relating to the regime, which shall run with the property; (g) Copy of the plans of any building, showing the dimensions, area, and location of each apartment therein and the dimensions, area, and location of common elements affording access to each apartment. Statement setting forth the occupancy rates and the rental rates charged for all residential rental apartments of the project for the year preceding the filing of this report. Copy of sale brochures. If none have been prepared, copies will be later submitted if and when they are prepared. Statement as to projected sale prices, terms, and options available to tenants and buyers. Copy of the proposed purchase agreements, if prepared. If none have been prepared, copies will be later submitted if and when they are prepared. Statement as to projected closing and settlement costs, taxes, and special assessments that will apply to the project and the condominium association. Statement as to estimated association monthly assessments for the first year of operation. Copy of the initial notice of intent to convert, which has or will be hand-delivered or mailed to the present tenants. (Ord. 12795 §3; January 21, 1980).
Lincoln Municipal Code § 21.50.030 requires that before any required conversion notices are sent to tenants, the property owner must prepare and file a detailed condominium property report with the building official. This report must be signed by the owner and include a comprehensive set of documents and disclosures, such as the master deed, descriptions of individual units and common areas, projected sale prices and closing costs, occupancy and rental history, and estimated association assessments. The provision ensures that a formal record of the conversion project's key details is on file with the city before tenants are formally notified of the intent to convert.
Plain English — not legal advice.
Under Lincoln Municipal Code § 21.50.030, operators converting residential rental property to condominiums are expected to compile and file the property report with the building official before delivering any conversion notices to current tenants. A compliant operator assembles all required attachments — including the master deed, unit descriptions, floor plans, sale brochures (or a commitment to provide them when prepared), proposed purchase agreements, and financial projections — and ensures the report is signed by the owner or an authorized representative. Keeping organized records of each required element and the date of filing helps demonstrate compliance with the sequencing requirement that filing precede tenant notification.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Lincoln Municipal Code § 21.50.030 establishes that tenants in a building being converted to condominiums are entitled to have a detailed property report on file with the city's building official before they receive any formal conversion notice. This report is meant to contain information relevant to tenants' decisions, including projected sale prices, terms and options available to existing tenants, estimated association costs, and a copy of the initial notice of intent to convert. Tenants who believe a conversion is proceeding without a properly filed report may consider contacting the Lincoln building official's office, reaching out to a local tenant-rights organization, or consulting an attorney familiar with Nebraska condominium conversion law to understand what options may be available.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 5, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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