A. “Date of conversion” or “conversion date” means the date of final action by the City approving a parcel map or final subdivision map.

B. “Elderly tenant” means a tenant who is sixty years of age or older.

C. “Exclusive right to purchase” or “ERP” means the right of a resident tenant at the date of conversion to purchase the unit that they occupy, as set forth in the “Notice of Tenants’ Rights” required pursuant to Section 21.28.060. The period of the ERP begins on the date written notice is given to the resident tenant that the unit will be made available for purchase to persons other than the resident tenant, and lasts for one year except as set forth in Section 21.28.090.C.2.

D. “Limited equity housing cooperative” means a corporation that meets the criteria of Business and Professions Code Section 11003.2 and which also meets the criteria of Health and Safety Code Section 33007.5.

E. “Owner-occupant” means an individual who utilizes the unit they own as their principal place of residence. An occupant will only be considered an owner-occupant if the share of the building that they own is within 10% of the pro rata appraised value of the unit in which they reside.

F. “Price index” means the index for all urban consumers, San Francisco Bay Area Average, as published by the United States Bureau of Labor Statistics, or, in the event such index is discontinued, any comparable index.

G. “Resident tenant” means a tenant residing in the unit and paying rent for the accommodations as their principal place of residence on the date of conversion or at the time of sale of the first unit on the property.

H. “Unit” means any residential dwelling unit or apartment unit containing its own bathroom and kitchen facilities and used primarily for residential accommodations and joint living and working quarters that can serve as a permanent residence. For purposes of this chapter dormitories, fraternity and sorority houses, boarding houses, and residential hotels, and other forms of transient lodging shall not be considered residential units and shall not be subject to this chapter. (Ord. 7316-NS § 1, 2013: Ord. 7070-NS § 2, 2009: Ord. 7025-NS § 1, 2008)