TENANT RELOCATION ASSISTANCE?

As of July 1, 2022, the Economic Displacement Relocation Assistance ordinance (EDRA) went into effect in Seattle.  Under EDRA, landlords who increase rent by 10% or more may owe tenants relocation assistance.

EDRA will apply if rent is increased a total of 10% or more over the course of twelve months; if the tenants are considered low income and if they move because of the rent increase.  Low income is defined as at or below 80% of median.  When calculating the rent increase, landlords must include all housing costs, including parking, pet and storage rent.

CONFUSED YET???

Landlords who are increasing rents by 10% or more must include this notice, EDRA Notice Seattle.  Tenants will apply for EDRA with the city and the city will determine if the tenant is eligible and if so, the amount of their award, which is paid by the landlord.

We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance!

Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should not rely solely on this information. We encourage our clients to work with a lawyer experienced in commercial and/or residential real estate matters as they can be complicated and confusing.

About Coldwell Banker Bain Property Management

As residential property managers for Coldwell Banker Bain Property Management Division, we manage single family residences, individual condominium units and small apartment complexes in the greater Puget Sound region. We serve Seattle, Tacoma, Anacortes, Marysville, Bainbridge Island, Lynnwood, Everett, Redmond, Bellevue and many other cities in Washington State. We also offer full service commercial property management services at www.cbcommercialpropertymanagement.com
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