TICs

Many involved with the SF Tenants Union and other tenants rights advocates have long been strong opponents of converting San Francisco housing units from rentals to anything else.  This includes 1. combining 2 units in a building, 2. converting rental units owned by one party and rented to many to units owned by many and owner occupied and 3. rental units converted to vacation rentals
I understand the objection to the third kind of conversion.  This takes housing from the market and makes...

2 unit building Remodelled Kitchens and Baths Lovely Garden Fabulous Noe Valley Location
$995,000

Gorgeous, two-unit Victorian building. The upper unit has a flexible floor plan, a living room with a wood burining fireplace, a large formal dining room, a large bedroom, and a smaller bedroom (originally the fainting room), which is suitable as an office or guest bedroom, a remodelled kitchen and bath. The lower two-bedroom unit also has a remodelled kitchen and bath, lovely period detail and a lightfilled breakfast room.

Both units have lovely period details and high ceilings.

This home is conveniently located near public transportation, Highways 101 and 280, and several Noe hot spots including Incanto Restaurant, Toast and Pomello and Drewe's Meat Market.

$1,120,000

Before we get started, it is important that you understand that the conversion of units to condominiums is governed by local and state laws.  For buildings with four units or fewer, San Francisco City and County laws govern  the process.  For larger buildings (five or more units), the California Department of Real Estate (DRE) regulations also apply.  These laws and regulations can change at any time.
Several unrelated (can also be related) people buying a multi-unit building in San...

"Jane is great! Here's our story...We bought a Tenancy In Common (TIC) in 2007 with Jane as our agent. She has an encyclopedia-like understanding of all things real estate. Early on, we found a great one bedroom TIC at a good enough price. But we didn't buy it! She saved us ..." [read more]

Doug O"Brien and Marcia Lo

Tomorrow, San Francisco's Board of Supervisors are scheduled to vote on legislation that will prevent condo conversion in buildings where owners have used legal means to evict tenants so that they could live in their own homes.  Huh?  And, they want to make this law retroactive to 1999.  What are they thinking?

The argument by various tenants organizationsand some of the supes goes something like this: The purchase of multi-unit buildings by parties who purchase the property as tenants...

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