Ah, San Francisco Rent & Eviction Control – It’s a Tenant’s World!
Here are some resources that are important when buying ( or selling ) a multi-unit building or tenant-occupied property, including single family homes with in-law units that are rented. We highly recommend that you consult with a good, local San Francisco landlord-tenant attorney to make sure you get your questions answered and know what you can & cannot do with a specific property and tenant situation.
Perhaps, you want to move into the property. Will you be able to? How much will it cost? What are your options? Perhaps, there is an illegal unit and you do not want to keep it. What can be done? What are the risks? Perhaps, you want to be a landlord and would just like an expert to review the leases. A good lawyer can point out potential red flags in lease agreements so you understand the pros and cons, and therefore, property market value of an income property in San Francisco.
The best idea is to have a consultation on the phone/ in-person with a lawyer before making an offer so you go into the escrow with your eyes wide open. But certainly, during the initial inspection contingency period, you should get all of your questions answered by a legal professional. We can guide you in the right direction and offer expert real estate advice but we are not allowed by law to give legal (or tax) advice.
There are many opportunities for great investment with San Francisco tenant-occupied property and there are many ways to be an ethical AND profitable landlord.
Here are recommended lawyers:
- Daniel Bornstein 415-409-7611
- Boyd McSparran 415-673-5600 ext. 257
- Jeffrey Woo 415-433-1900
- Tenant Evictions in SF
- SF Rent Board: Frequently Asked Questions
- SF Small Property Owners Association
- SF Tenants Union
Questions? Let us know. We are here to help.