Regardless of whether you’re the fist, or the man in the top hat, we thought this worthy of a cut/paste from the SFAR Advantage newsletter:
“SB 464 (Kuhl) would amend the Ellis Act (the State law that allows rental property owners to go out of the rental business) by limiting its application to the owner of any residential real property who has owned the property for five years. In addition, SB 464 would allow a public entity to require that if any tenant is at least 62 years of age or disabled, and has lived in his or her accommodations for at least one year prior to the date of delivery to the public entity of the notice of intent to withdraw pursuant to the Act, the date of withdrawal of the accommodations to be extended to one year after the date of delivery of the notice. On Monday of last week, SB 464 was amended and the following language was inserted: “[The bill] shall apply only to owners who acquired ownership of property pursuant to a purchase agreement or contract for exchange entered into on or after March 27, 2007.” “
SB 464 is set for hearing before the Committee on Appropriations on April 23rd.
-Leland Yee [website]
-San Francisco Tenant’s Union [website]
-the legal part of evictions [Sirkin Paul Associates]
-the low down [Senate Judiciary Committe]
-Rent vs. Buy, the old debate…in an interactive graph [sfn BLOG]