By J.B. Evans, El Tecolote
The San Francisco Board of Supervisors passed legislation this week establishing ground rules for a practice known as a buyout, whereby landlords offer tenants money to vacate their units. Proposed by District 9 Supervisor David Campos, the buyout law is seen as a step toward protecting San Francisco’s more vulnerable tenants.
“None of the limitations that apply to a formal eviction currently apply to a buyout,” said Campos. “This law will regulate buyouts so that there will be a level playing field.”
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