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Condo Owners Urge Federal Revisions to 1980 Act
Bella Costa condo owners on Santa Maria Street in Venice press a letter-writing campaign to federal lawmakers to amend the 1980 Condominium and Cooperative Conversion Protection and Abuse Relief Act. They seek rescission of unconscionable leases, a freeze on escalation clauses, and a buy-out option, with projected rents rising to $400 monthly by year end of the 99-year lease.
MENTIONED IN THIS ARTICLE
Bella Costa
Santa Maria Street
Venice
John Barnes
Barnes
Senate
House
Subcommittee On Housing and Community Development
Ronald Reagan
Carlyle Jones
Bella Costa Board
Washington
Lawton Chiles
Paula Hawkins