Skip to main content

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...

Popular posts from this blog

Bed Bugs

Bed Bug Update by Craig Waddle I met my first bed bugs in 2002 and became fascinated with their physiology.  There wasn’t much data available at that time because, as far as anyone knew, bed bugs had been eradicated in the United States late in the 1940’s through the wide-spread use of DDT.  Protocols were based on what we knew from old research.  Over the past several years these bugs have become a global concern and newer studies have dispelled some of our previous beliefs regarding their behavior. Bed Bugs don’t migrate.   Not true.  Bed bugs do move from country to country, dwelling to dwelling and bed to bed primarily by hitchhiking on people, garments and luggage.  However, we now know that once a population has reached “infestation” level in one dwelling, active well fed, bed bugs will migrate via pipes, wires and through holes into adjoining units. As a result of this new information, once bed bugs have been identified in one apartment an inspection...
Read more

Rebuilding Together

The Professional Property Management Association of San Francisco is proud to announce that it is sponsoring the Rebuilding Together project for a second year in a row. Now in its 22nd year, Rebuilding Together San Francisco provides free repairs to low income seniors and free renovations to nonprofit facilities throughout the city. Rebuilding Together insures that low-income seniors in San Francisco remain safe, warm, and independent in their homes and those community members in need can receive services from social service agencies in functional, dignified environments. Every year Rebuilding Together organizes a citywide event called National Rebuilding Day on the last Saturday of April, in which teams of volunteers collect at job sites throughout the city to make these free repairs. We are proud to announce that the PPMA has committed to sponsoring one of these projects again this year. Joe Gibson of Commercial Energy and I have volunteered to be the Volunteer Co-Captains for o...
Read more

New Law Governing Background Checks For Employees - Margaret J. Grover*

     The California legislature and governor passed several new laws governing the employer-employee relationship that will take effect on January 1, 2012.  One of these significantly restricts the ability to conduct background checks on current and prospective employees.  Under California Labor Code Section 1024.5, employers may not obtain consumer credit reports for employment purposes.  While this does not seem like a significant issue, the definition of “consumer credit report” is broad, and includes “any written, oral, or other communication of any information by a consumer credit reporting agency bearing on a consumer's credit worthiness, credit standing, or credit capacity, which is used or is expected to be used, or collected in whole or in part, for the purpose of serving as a factor in establishing the consumer's eligibility for: (1) credit to be used primarily for personal, family, or household purposes, or (2) employment purposes, or (3) hiring...
Read more