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Banking Calculator

This calculator can be used by landlords and tenants to swiftly determine relocation assistance amounts for no-fault evictions. However, it's crucial to independently verify all details to ensure accuracy. The calculator evaluates relocation assistance based on 3 times the greater value between the current rent and the Fair Market Rent (FMR) for a rental unit of comparable size, plus an additional $2,000. 

How to use the calculator: 

  1. Begin by inputting the number of bedrooms in the tenant's residence.

  2. Next, provide the current rent amount paid by the tenant.

  3. Lastly, indicate whether the tenant is considered a "qualified tenant".

  4. Click on the "Calculate" button to generate your results.

For more information on what is considered a "Qualified Tenant" please go here. For additional information regarding evictions please visit here. 

Please note this calculator is to determine Just Cause Eviction Relocation assistance amount. for Relocation assistance regarding rent increases over 7% please go here.

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