Lincoln, Neb., Mun. Code ch. 21.50 § 21.50.040

Before proceeding with the conversion of any apartment in a project, the owner shall:

(a) Notify all existing tenants in said project, in writing, of the owners' intent to convert, and the proposed date thereof;

(b) Said notice will provide, at a minimum:

The address where a copy of the master deed, with attachments, can be reviewed;

(c) Name and address of the person who may be contacted for further information;

(d) Address where the condominium property report has been filed;

(e) An option for the current tenant to purchase the apartment, said option to remain in force for sixty days after receipt of the notice;

Any tenant may waive any provisions set forth in this notice; provided, however, that said waiver must be executed in writing after the date of the notice;

Any right that the tenant has to exercise any option is terminated upon the termination of his tenancy. Option rights are not transferable to a third party.

No tenancies will be terminated by the owner for a period of 180 days after notice has been given to the tenant of the condominium conversion, under Neb. Rev. Stat. § 76-1437 (Reissue 1986), as amended; provided, however, the owner can terminate a tenancy because of noncompliance with a rental agreement, as set forth in Neb. Rev. Stat. § 76-1431 (Reissue 1986), as amended;

Any tenant who has a lease exceeding thirty days will be allowed to terminate said lease; provided, that the lessee accepts the status of a tenant on a month-to-month tenancy commencing on a periodic rental date. Said tenant may terminate the month-to-month tenancy only as provided in Neb. Rev. Stat. § 76-1437(s) (Reissue 1986), as amended.

Nothing herein will prevent the owner of the building from remodeling or selling any apartment during this 180-day period, provided that the apartment is vacant; and nothing herein will prevent the owner from showing said apartment or actually entering into purchase agreements for the sale of said apartment after the sixty-day option period;

Nothing herein obligates the owner to proceed with the conversion after notice has been given; provided, however, that if the conversion does not take place within thirty-six months after the initial notice, the owner must then refile a new condominium property report and provide new notice to the tenant, as hereinbefore set forth. (Ord. 15654 §25; July 9, 1990: prior Ord. 12795 §4; January 21, 1980).