Articles Recently Tagged: Tenant Buyouts

(11 posts)
Average Tenant Buyout Was $45K in San Francisco Last Year

Average Tenant Buyout Was $45K in San Francisco Last Year

With a moratorium on evictions having been in place for most of last year, landlords in San Francisco inked a total of 333 legally recorded tenant buyout agreements, which was down from 365 inked agreements in 2019 and included a few deals which had been in the works since... Read More »

There Were 365 Tenant Buyouts in SF Last Year, One Hit $325K

There Were 365 Tenant Buyouts in SF Last Year, One Hit $325K

Landlords in San Francisco negotiated and inked a total of 365 legally reported buyout agreements with tenants last year, as mapped above, down slightly from 379 in 2018. For the second year in a row, the Mission was the San Francisco neighborhood with the most reported buyouts (53), now... Read More »

Tenant Buyouts Tick Up in San Francisco, Averaged $48K Last Year

Tenant Buyouts Tick Up in San Francisco, Averaged $48K Last Year

Over the past year, a total of 379 buyout agreements between landlords and their tenants were inked and filed with the City, as now required by law. That’s up 13 percent from the 335 buyout agreements filed in 2017 and 18 percent more than the 320 filed in 2016.... Read More »

Tenant Buyouts of up to $310,000 in San Francisco since 2015

Tenant Buyouts of up to $310,000 in San Francisco since 2015

Since March of 2015, when San Francisco started regulating “buyout agreements” between landlords and their tenants, a total of 772 buyout agreements have been inked and reported, as mapped above. While the highest reported buyout totaled $310,000 for three tenants in the Mission back in July of 2015, the... Read More »

Evictions Are Up In San Francisco, As Are Reported Buyout Amounts

Over the past four months, tenants of 47 rent-controlled apartments in San Francisco have negotiated buyouts to vacate their units, with an average payout of $43,000.  The highest buyout was for $310,000. And in fact, the average buyout reported to the San Francisco Rent Board, as newly required by... Read More »

Should Roommates Benefit From A Master Tenant’s Buyout?

Mid five-figure offers for tenants to vacate rent-controlled apartments are not uncommon in San Francisco.  And even six-figure offers have been made (and accepted). A couple of questions from a reader with respect to said buyouts, questions which we’d be willing to bet are based on more than idle... Read More »

Supervisors Pass Law To Regulate Tenant Buyouts In San Francisco

The proposed law to regulate and restrict the buyouts of tenants from rent-controlled apartments in San Francisco has been passed by the Board of Supervisors in a vote of 7 to 4 with Supervisors Breed, Farrell, Tang and Wiener opposing. If you’re either a tenant or landlord in San... Read More »

Law To Regulate Tenant Buyouts In SF: Seven Key Things To Know

With tenants in rent controlled apartments reporting offers of up to $80,000 to vacate, and unreported offers of even more, a proposed law which would require the public disclosure and tracking of all tenant buyout agreements in San Francisco, and prohibit buildings which are emptied by way of a buyout... Read More »

Proposal To Regulate Tenant Buyouts, Penalize Those Who Do

As expected, the language for an ordinance which would require the public disclosure of all tenant buyout agreements in San Francisco, and prohibit buildings which are emptied by way of a buyout from being condo converted, has been drafted and proposed. Sponsored by Supervisors Campos and Avalos, if adopted,... Read More »

Tenant Buyouts Are on the Rise in SF as Are the Dollars Involved

Tenant Buyouts Are on the Rise in SF as Are the Dollars Involved

The number of tenants in rent controlled apartments who received a buyout offer to vacate and sought counseling from the San Francisco Tenants Union has increased from 90 in 2007 to 175 in 2013. While the maximum offer reported to the Tenants Union was $80,000, the average offer was... Read More »