SF Mayor Wants More Talks On Condo Conversion Proposal

Law360, San Francisco (February 12, 2013, 8:18 PM EST) -- The mayor of San Francisco urged further negotiations on Tuesday over a controversial proposed law that would allow tenancies-in-common apartment owners to convert their units into condominiums for a fee, which has put building owners and rent-controlled tenants at odds.

In an official discussion with the board of supervisors, the mayor urged the factions to hash out a solution and also encouraged developers to help ease pressures with more multifamily projects. On one side, TIC owners herald the law as a way to keep the units...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.