Category: Tenant Buyouts
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?
Should we sign the buyout agreement the landlords provided or renegotiate?
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.