Real Estate/Development
Dec. 18, 2017
Buying out a tenant in San Francisco
If you are thinking about selling a tenant-occupied property in a rent control jurisdiction with eviction protections, such as San Francisco, and you are hoping to buy your tenant out in order to sell the property vacant, keep this in mind: possession counts.
Michael McLaughlin
Founder
McLaughlin Sanchez LLP
605 Market St, Ste 300
San Francisco , CA 94105-3205
Phone: (415) 655-9753
Email: michael@msllp.law
Michael concentrates his practice on representing landlords in disputes with tenants, including negotiating tenant buyout agreements, as well as representing property owners who have disputes involving real property.
Craig Ackerman
Ackerman Realty GroupCraig is the author of "Selling Grandma's House - Streamlining Trust Home Sales for San Francisco Attorneys and Trustees."
If you are thinking about selling a tenant-occupied property in a rent control jurisdiction with eviction protections, such as San Francisco, and you are hoping to buy your tenant out in order to sell the property vacant, keep this in mind: possession counts. Many sellers are surprised to learn tenants have a bona fide interest in their property. The tenant's interest is called the right of possession, and -- like title -- is a very valuable interest in real property....
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