What happens to renters in a condo conversion?

If an apartment building is being converted to condos, what is the notice to renters and how much notice is necessary to give them? Do they have priority to purchase their unit prior to going on market? Then how is the price negotiated?

In San Diego Ca. we only got 30 days notice and we got first 'chance" to buy the unit. We would have gotten a better price only if we went with their lender. But they never told us the price before we vacated. They are currently on the market for 230,000, down from the first suggested price of the high 200's. I know the amount of notice was actually set by the city, because before 2006, they were required to give us 60 days notice. If the city did not revisit the legislation it would revert back to 30 days. Well in the midst of the craziest condo converting you ever saw, the city dropped the ball. And you guessed it, the company handling the conversion waited a few days after Jan. 1, 2006 and gave us 30 days notice and thats when we discovered that the legislation changed. And they never were able to install washer and dryers into each unit.

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