San Francisco Ordinance Requires Property Owners to Make Lifetime Rental Offer to Tenants

So, you and your spouse are living in a medium-sized middle American community and after coming into a little extra money you decided you want to do some planning for your retirement. You come across an investment opportunity in a cosmopolitan city in another state — a six-unit apartment building where you can purchase a co-ownership interest with a plan to move into that building when you retire. The purchase agreement includes a provision that the co-owners will convert the six-unit building into separately owned condominium units by a specified date, and you and your spouse will obtain the right to own and occupy one of those condominium units.

San Francisco Ordinance Requires Property Owners to Make Lifetime Rental Offer to Tenants B21bb041-401c-4f7f-9a50-1e1dcad4ad12-730x487

San Francisco Ordinance Requires Property Owners to Make Lifetime Rental Offer to Tenants B21bb041-401c-4f7f-9a50-1e1dcad4ad12-730x487

At the time you invest you are still living and working in a different city and state, and the unit that will eventually be yours to occupy is rented to a tenant.

After purchasing your interest, but before the date comes for the condominium conversion, the City Council in this cosmopolitan city amends its condo conversion ordinance, and now requires that a property owner converting a rental apartment to a condominium must offer a lifetime lease to the current resident of the unit being converted.

Just like that, the renter of your soon-to-be-condo has a legal right to live in your retirement home for the duration of his life which might be longer than your lifetime.

If this happened to you, your last name is probably Pakdel and you purchased a condo for your retirement in the City of San Francisco.

.https://redstate.com/shipwreckedcrew/2021/04/18/san-francisco-ordinance-requires-property-owners-to-make-lifetime-rental-offer-to-tenants-for-real-n363506

fuckoff

San Francisco Ordinance Requires Property Owners to Make Lifetime Rental Offer to Tenants

San Francisco Ordinance Requires Property Owners to Make Lifetime Rental Offer to Tenants

Anarcho-Capitalist Categorical Imperatives

Via AnCaps: Law & Enforced Unnatural Order