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June 20, 2024
Its different equally. And a tenant would be tenants on the lease this is or sub tenants as well . The legislation didnt specify. Do you know what the intent of the author. I think the idea is to help everyone thats impacted by the displacement well make that issue. We know that the tenant hardest hit are the long term tenants so if i have a tenant with multiple tenants and one has been there for thirty years and maybe a newer or sub tenant i dont know if theres any other way to do that but ive ...
June 20, 2024
Vacation then the rent will be lower and so you never refer back to the base rent. No when we talked about the evidence it will not be there. Another way of doing that would be to take the original base rent and increase it on the one hand for the market rate increases over time and on the other hand, for what the allowable rent increases and to compare the two. Yes. That will be an alternative and was it considered. Yeah, but we rely on the basis rent and if its 27 years ago that might not be r...
June 20, 2024
Can you give some examples. Yeah. For example, one of the works that supervisor campos Office Shared would be a 2 bedroom apartment in the mission couped for 2 seven years by a tenant instill the building is currently renting for 9 had and 9 so the index would be 33. 055. Multiple 3. 055 times the rent at the time of eviction or 909 is 2,200 plus and the difference is one thousand 8 hundred and 68 thats the difference between the market rate and the relocation payment is that amount one thousand...
June 20, 2024
You every year and they dont raise the rent very much. So if you have a landlord is thats not done their allowable rental increases what is the difference this is this method relies on an assumption that the resemble rents have been taken so its multiplied by the rent control and theres no one any need to remember the first year of occupancy. Is so if you have a landlord that hadnt raised the rent in terms of the lower amount its 13wr5ub9d out. Yeah, but the lower rent will reduce both sides of ...
June 20, 2024
The market and the phenomenon of sales and post eviction were not stating the specification as a categorical you the range was negative 278 or 4. 8 million so you did the average was 1. 5 million can you talk about how you got that number. Oh, sure the difference in the profit amaze is simple the prior Purchase Price the last time it was purchased before the eviction and the price after the evictions for the building. And thats an important thing to point out. Most of those buildings are multi t...
June 20, 2024
My understanding is that lets is the total amount is 40 thousand and lets say you have 4 tenants in the unit hypothesisly if one the tenants have been there for 40 years and others been there less how it the appropriation its different equally. And a tenant would be tenants on the lease this is or sub tenants as well . The legislation didnt specify. Do you know what the intent of the author. I think the idea is to help everyone thats impacted by the displacement well make that issue. We know tha...