What is the notice required when a rental unit is being demolished or changed to a transient vacation rental?

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The requirement for notice when a rental unit is being demolished or converted to a transient vacation rental is set at 120 days. This regulation is designed to provide tenants with ample time to seek alternative housing arrangements. It ensures that residents are not abruptly displaced and have a significant window to adjust to the changes in their living situation.

In contexts where a rental unit's status is significantly altered, such as demolition or conversion to a transient vacation rental, extending the notice period to 120 days reflects an understanding of the complexities involved in finding new accommodations. This timeline also aims to facilitate smoother transitions for both tenants and property owners. Longer notice periods are particularly beneficial in markets where housing is competitive, giving tenants the necessary lead time to navigate the housing landscape effectively.