Seattle city officials want to put a stop to a scenario that’s playing out more often in this region’s tight and competitive housing market. It goes like this: landlords issue a staggering rent hike, tenants move out and not to long after that, the building undergoes a big remodel. It’s called an “economic eviction.”
This is how landlords avoid the responsibility of paying about $1500 to low-income tenants to help them find a new home. When landlords do this, tenants also lose the opportunity to collect a similar amount of money from the city for a total of more than $3,000.