Rental housing has been converted to condominiums at an increasingly rapid rate in recent years. Between 1970 and 1979, approximately 366,000 rental units were converted to condominiums or cooperatives nationwide. In Virginia, the City of Alexandria witnessed 7,173 conversions between 1973 and 1982; and Fairfax County experienced 5,113 conversions from 1974 to 1980. Arlington County experienced approximately 700 conversions per year from 1972 to 1978 and 1,400 per year since January, 1979.
Thomas A. Louthan,
Condominium Conversion Lease Extensions for Elderly and Disabled Tenants: Is Virginia's New Law A Panacea?,
U. Rich. L. Rev.
Available at: http://scholarship.richmond.edu/lawreview/vol17/iss1/9