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Even taking it off the market induces huge Ellis Act compensation obligations.
by masonic 8y ago
Even taking it off the market induces huge Ellis Act compensation obligations.
- refurb 8y agoIndeed. A few years back SF passed a law that the landlord had to pay the difference between the current rent and market rent (on a new place) for two years. That could easily be $50-60k or more. Thankfully the courts struck that law down.