If a property is demolished and reconstructed, the original tenant has the right of first refusal to move back into the unit. To exercise this right, the tenant must notify the landlord of their intent within thirty (30) days of being informed by th…
If a property is demolished and reconstructed, the original tenant has the right of first refusal to move back into the unit. To exercise this right, the tenant must notify the landlord of their intent within thirty (30) days of being informed by the landlord. The rent for the new property must be determined based on the fair market value criteria. This allows long-term residents to maintain their community ties while acknowledging the updated value of a newly reconstructed building.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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