A recap from our discussion on tenant buyout agreements

We were privileged to give a talk on effectuating a voluntary vacancy through an ethically negotiated, proper, and legally enforceable tenant surrender of possession agreement.

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An oldie but goodie on tenant buyouts

We hosted a webinar during the height of the pandemic, so while it is a little dated, the core philosophy of how we approach tenant buyout agreements remains the same.

ARTICLES

The art of the tenant buyout deal

When negotiating a tenant buyout agreement, owners should have leverage in their discussions.

When to pay after the tenant agrees to vacate

It may be prudent to pay a little bit of money upfront to emotionally lock the tenant into the agreement. 

Local rules

In some jurisdictions, tenant buyouts are highly regulated. Let's review a few locles to get a lay of the land.

San Francisco

Oakland

Berkeley

It has been a privilege to educate rental housing providers and the professionals who serve them in a diverse law practice encompassing a wide range of landlord-tenant topics.

In this venue, we wanted to focus on tenant buyout agreements, which may be an attractive option when there are no legal or convenient means to evict. 

The value of having a tenant voluntarily vacate should be readily apparent, but tenant buyouts can be tricky in terms of procedural requirements, drafting a legally compliant contract, and having a constructive dialogue with a tenant about a chapter change in their lives.

Of course, we don't want to break the bank when escorting them out.

If you want to broach a discussion with a tenant about moving out voluntarily to avoid the morass of an eviction and maximize the upside potential of the property, our office is very comfortable in working with you to accomplish the goal. 

As always, I am accessible via email at daniel@bornstein.law. Thank you for your continued engagement as we power through your real estate challenges. 

Dedicated to your business success,