Like the unicorn, rent controlled apartments are mythical and fast becoming extinct, especially when they become objects of desire for Twitter-motherfuckers and bubble-headed investors.
Correctly or not, landlords figure that a tenant offering a buyout may be ready to move voluntarily anyway–as in already found a new place and wants some quick cash to exit.
I am 65 years old. I’ve lived in my apartment for 22 years. I pay just under $900 for a junior one bedroom on the top floor in the San Francisco Mission district.The landlord offered me a buyout to vacate for $40,000. Should I ask for $60,000?
If you negotiated a buyout agreement with your landlord, get that agreement in writing. Any landlord who balks at this is going to screw you, end of story.
Like a high stakes poker game, buyouts are complicated. If you want want to get the best deal possible, you must be prepared to analyze the deal using the strategies here.
If the landlord offers our tenant family a buyout of $20,000 to move they should politely tell him to gently insert his offer into a location devoid of sunshine.
If you negotiate a buyout with your landlord, you don’t want to be the tenant plummeting off the cliff. That is why we will help you if you decide to take a buyout.