Going Condo

How exactly does this work?  Has anyone out there lived in a rental building that was converted to condo?

I imagine that the conversion is Owner generated....i’m not sure that it’s in the current building Owner’s interest to sell off the property as condos....the previous post seemed to suggest that there’s actually something the Tenant’s can do – to get a conversion started...is this so?

I went to this address to do some research and I still don’t understand....
http://www.oag.state.ny.us/realestate/conversion.html#1


By the way – we can’t go condo unless the building keeps Ray forever!  he’s the best  :)