New Bill to Protect Renters
Finally, after many months of talks on a bill to protect renters from conversion projects, a new bill will be passed requiring apartment owners to give tenants a 120-day notice of conversion (up from 90 days). The bill will also allow cities and counties to require owners to pay relocation assistance of up to three months' rent to low-income tenants (up from the current $500) and bar interior conversion work during the notice period. I think this is a fair arrangement for tenants. If apartment owners are going to profit from the sale of the building, renters shouldn't be penalized to move out earlier or go through the inconvenience of the conversion work while looking for a new place if they had a lease.
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