Thousand Oaks, CA Rental Property Rules: Relocation Assistance (2026)
Key Facts
- Relocation payment
- 1.5x monthly rent
- Who qualifies
- Any tenant household in the unit before final map approval, not in default
- If tenant buys the unit
- Payment applied as a purchase-price credit
- Applies to
- Condominium conversion projects specifically
Summary
When an apartment building in Thousand Oaks is converted to condominiums, the city requires the developer to pay displaced tenant households a relocation payment equal to one and a half months' rent. Tenants who choose to buy their unit instead can apply that payment toward the purchase price.
The applicant shall provide relocation assistance equal to one and one-half times the monthly rent to any tenant household living in any unit at any time prior to final map approval, provided such tenant is not otherwise in default of the rental agreement. If the tenant elects to purchase the unit, such relocation assistance shall be applied as a credit to the cost of the unit.
(12) The applicant shall offer a lifetime lease to households in which the head of household or spouse is sixty-two (62) years of age or older at the time of the final map approval. Reasonable annual rent increases shall be allowed, but shall not exceed sixty (60%) percent of the increase in the Los Angeles- Long Beach Area Consumer Price Index or any successor index designed to determine general increases in housing costs for the preceding twelve (12) month period or any applicable local ordinance governing the rents in such units, whichever is lower. Provisions setting forth this limitation on rent increases shall be incorporated into the lease.
(13) The applicant shall provide at no additional cost to the tenant, suitable alternate housing to tenant households whose unit undergoes substantial remodeling or rehabilitation during conversion, and the unit being remodeled or rehabilitated is not habitable. The Building Official of the City shall make the final determination of habitability and suitability.
(14) Covenants, Conditions and Restrictions for the condominium conversion
Official source re-checked September 7, 2026: no newer edition of the code had been published (publisher’s edition: 2026 S-78: 2026 S-78 Supplement contains: Current city legislation passed through March 31, 2026).
Full Breakdown
TOMC § 9-4.1904(e)(11) makes relocation assistance a mandatory condition of approval for any condominium conversion project. Any tenant household living in the building at any time before the final map is approved is entitled to a payment equal to 1.5 times their monthly rent, so long as they are not in default under their rental agreement. If a qualifying tenant instead elects to purchase their converted unit, the relocation assistance is credited against the purchase price rather than paid out separately. This sits alongside other condo-conversion tenant protections in the same code section, including a required 90-day notice to vacate or purchase and a right to buy on terms no less favorable than those offered to the public.
Violations & Fines
A condominium conversion project cannot receive final map approval unless the relocation assistance and other conditions of approval in § 9-4.1904(e) have been satisfied; noncompliance is grounds for the city to withhold or revoke conversion approvals.
Frequently Asked Questions
Do I get relocation money if my apartment building converts to condos?
What if I want to buy my unit instead of moving?
Sources & Official References
Other rules in Thousand Oaks
California rules heatmap·Compare Thousand Oaks to another location·View the California rental property rules overview
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Relocation Assistance in Nearby Cities
How other cities in Ventura County handle relocation assistance.