A. “Community apartment” means a development in which an undivided interest in the land is coupled with the right of exclusive occupancy of an apartment located thereon. Community apartments shall be subject to the same restrictions and conditions as set forth in this Chapter for condominiums.

B. “Community apartment project” is defined as a community apartment containing two or more apartments to which there is the right of exclusive occupancy for residential purposes.

C. “Condominium” is defined as set forth in Civil Code Section 783. “Condominium,” as used herein, means and includes “community apartment,” “stock cooperative,” and “limited-equity housing cooperative.”

D. “Condominium conversion” means a change in the type of ownership of a parcel or parcels of land, together with the existing attached structures, to that defined as a condominium project or a community apartment project or a stock cooperative, regardless of the present or prior use of such, land or structures, and whether improvements have been made or are to be made to such structures.

E. “Condominium project” means the entire parcel of real property, including all structures thereon, to be divided into two or more units for the purpose of constructing or converting existing structures or condominium units.

F. “Limited-equity housing cooperative” is defined as set forth by Section 33007.5 of the California Health and Safety Code and as the same may, from time to time, be amended.

G. “Shares” means the units into which the right of exclusive occupancy in a portion of the real property, title to which is held by the corporation, are divided among the owners thereof.

H. “Stock cooperative” means a corporation which is formed primarily for the purpose of holding title to, either in fee simple, or for a term of years, improved real property, if all or substantially all of the shareholders of such corporation receive a right of exclusive occupancy in a portion of the real property, title to which is held by the corporation, which right of occupancy is transferable only concurrently with the transfer of the share or shares of stock or membership certificate in the corporation held by the person having such right of occupancy. (Ord. 89-1 § 1, 1989.)