San Francisco tenant buyout updates from tenant lawyers Crow & Rose. If you are interested in a buyout from you landlord we can help.
The impending sale of a building these days, even 24-unit building like yours, should concern tenants. An impending sale also provides them an opportunity to connect, organize and take power.
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.