The act of evicting tenants from their rental houses and apartments
by greedy landlords who announce
huge renovation plans
that require the emptying of units to be renovated. Once out, the tenants are not allowed to renew
their leases until they agree to huge rent increases, sometimes double
what they paid before.
This is a portmanteau word, a combination of renovation + eviction, invented by Heather Pawsey
of Vancouver, Canada.
We got a renoviction notice today from the new building owner... they're going
to divide the living
room to make a new bedroom
and replace the kitchen
cabinets. We'll have to move out, but we're welcome to come back at double the rent.