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S.F. property owners may sue city over lifetime leases granted during condo conversation
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The Supreme Court revived a suit Monday by property owners challenging San Francisco’s requirement to offer lifetime leases to tenants before converting a jointly owned residential building to a condo.Samuel Corum/TNS
The Supreme Court reinstated a lawsuit against San Francisco on Monday by property owners challenging the city’s requirement to offer lifetime leases to tenants before converting a jointly owned residential building to a condominium.
The case involved buildings whose owners purchased them as tenants in common, with each having equal ownership rights and sharing a single mortgage. City approval is required to convert them to condos, in which each owner has an individual unit and can rent it to others.
Requiring Landlords to Provide Lifetime Leases to Tenants Violates the Constitution SHARE
Peyman Pakdel is an engineer in Northeast Ohio who saved up for years to purchase an apartment in San Francisco where he intends to retire. He purchased the apartment in 2009, but did not immediately plan to live there, so he leased it to a tenant. The six units in the complex intend to turn the properties into condominiums, but in 2013 the city passed an ordinance requiring landlords to offer tenants lifetime leases if they want to convert units to condominiums. In other words, Pakdel won’t be able to occupy the property in which he has invested so much.