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 three-month tenant notification period IF such changes were not disclosed in the notice.