The San Francisco Board of Supervisors have passed and the mayor has signed into law legislation that requires sellers and buyers to advise tenants of their rights before and after the sale of rental real property.
Before property containing rental units subject to the city’s rent ordinance may be sold, the owner/seller shall disclose to tenants of the property the rights of tenants during and after the sale of the property. The disclosure shall be in writing with a particular size type and include specified statements regarding their legal rights and access to the San Francisco Rent Board.
Within 30 days of acquiring title to rental units subject to the city’s rent ordinance, the new purchaser/owner shall disclose to tenants of the property the rights of tenants following the sale of the property. The disclosure shall be in writing with a particular size type and include specified statements regarding their legal rights.
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April 19, 2008 at 4:34 pm
anna
this is long overdue. Many a fledgling buyer has gotten the most unpleasant screw by not understanding what’s really involved with buying SF homes that are tenant occupied. And as a renter myself, knowing these laws is also extremely valuable.