San Francisco Tenant Buyout
A tenant buyout occurs when the tenant agrees to surrender their tenancy in exchange for a benefit, usually money. Landlords and tenants in San Francisco should be mindful of the specific ordinances that govern the entire tenant buy out process. This is particularly true because some agreements can be voided or nullified if the process is not followed correctly.
Moreover, the tenant buy out ordinance in San Francisco even establishes requirements before the Landlord contacts the tenants. For example, under the ordinance landlords must file and disclose certain documents with the San Francisco Rent Board before initiating discussions.
Historically, roughly one third of attempted tenant buy outs filed with the San Francisco Rent board result in a successful tenant buy out. Bay Area Legal Group can help both Landlords and Tenants navigate the San Francisco tenant buyout ordinance and process.
Contact Bay Area Legal Group to represent you during your San Francisco tenant buyout process. 415-650-1296