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HB 2014 increases the tenant notice period to 120 days, increases the relocation fee to three times the monthly rent, and perhaps worst of all, bars construction on the project (except for a demonstration unit and sales unit) until all of the tenants have left the project. Anyone who has done a number of these projects will tell you that it usually takes the full 90 days until the last tenant leaves. Therefore construction and renovation of the less intrusive kind is usually commenced as quickly as possible after a large portion of the tenants have moved out. ;)
;)
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