When does the new owner have to provide relocation benefits?

A new owner would be required to pay relocation assistance if during the three-month tenant notification period the new owner:

  • Raises the rent and the tenant terminates his or her rental agreement due to the rent increase;
  • Requires existing tenants to be re-screened or comply with new screening criteria and the owner or tenant terminates the tenant’s lease;
  • Does not renew the tenant’s rental agreement without cause; or
  • Imposes a material change in the terms of the lease and the owner or tenant terminates or does not renew the tenant’s lease.

Relocation assistance may also be required if material changes to lease terms are implemented by new ownership in the first 30 days immediately following the end of the three-month tenant notification period IF such changes were not disclosed in the notice.

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1. What is the Tenant Notification Ordinance?
2. What does this mean for renters?
3. Why was this ordinance adopted?
4. When does the ordinance apply?
5. Who needs to be notified?
6. Are there income restrictions that apply?
7. Does a tenant need to move out during the three-month tenant notification period to qualify for relocation assistance?
8. Does the ordinance apply if the management changes in the building?
9. When does the new owner have to provide relocation benefits?
10. Does a transfer of sale include an ownership transfer to an immediate family member? Or as the result of inheritance?
11. Would the policy apply to bank-owned or foreclosed properties?