Why Tenancy Buyouts are Booming

MacDonald, who represents landlords as well as tenants, reports that six-figure buyout agreements are now becoming common in San Francisco. In fact, he just negotiated one for a tenant in the city’s desirable Russian Hill neighborhood whose huge flat was renting for somewhere between $4,000 and $5,000 per month below market, due to strict rent control. That deal garnered a gross settlement of almost a quarter-million dollars for his client. Click here to read full story...