Why would this ordinance be adopted?

The city is concerned about the displacement of tenants residing in properties that have been sold to a new owner. The ordinance would create a 90-day period of time in which residents can work with housing support resources and seek alternative housing if they are facing lease non-renewals without cause, unaffordable rent increases, new screening criteria requirements, or other material changes to their rental agreement that force a move.

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1. What is the Tenant Notification Ordinance?
2. What would it mean for renters?
3. Why would this ordinance be adopted?
4. When would the ordinance apply?
5. Who needs to be notified?
6. Are there income restrictions that apply?
7. Does a tenant have to move out during the 3 month notification period to qualify for relocation assistance?
8. Would the ordinance apply if a building changes property management?
9. When does the new owner have to provide relocation benefits?
10. Do property sales include transfers of ownership to family members, or as the result of inheritance?
11. Does the ordinance apply to bank-owned or foreclosed properties?
12. What is my responsibility as a SELLER of a rental property with 5 or more units?
13. What are my responsibilities as a BUYER of a rental property with 5 or more units?
14. Can I raise rents, facilitate non-renewals without cause, make material changes to the lease, or re-screen existing residents during the tenant notification period following the ownership transfer?
15. Are there any restrictions after the 90-day tenant notification period expires?
16. If a lease expires during the three-month notification period, can I raise the rent?