On August 1, 2008, new law concerning condominium conversions will take effect. SHB 2014 increases the notice requirements for conversions from 90 days to 120 days. Under the existing law, a condominium declarant must give apartment tenants 90 days notice of the conversion before tenants can be required to vacate. Under the new law, the condominium declarant may not require that a tenant vacate his/her unit until 120 days from the date of the notice have lapsed. The new law also increases the amount of relocation assistance that may be required by local jurisdictions. The current limit on relocation assistance is $500 per unit. Under the new law, relocation assistance may be three times the tenant’s rental rate, or in cases where a tenant is at least 65 years of age, $1500. SHB 2014 does not apply to conversions where notice is provided prior to August 1, 2008.
See the entire bill by clicking on the following link:
http://apps.leg.wa.gov/documents/billdocs/2007-08/Pdf/Bills/Session%20Law%202008/2014-S.SL.pdf