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The Main Terms of a Tenant Buyout Agreement.
A question I get asked a lot- what are the main terms of the buyout? There are a few details you want to hash out when doing a deal. The Amount The flagship term- what will the tenant receive in exchange for moving out. There are several factors that go into this- the situation of the tenants, local buyout rules, and landlord budget. There are numerous approaches and tactics to negotiating the amount. There are nuances such as the landlord-tenant dynamic, prior attempts, age,
Sasha Struthers
4 days ago3 min read
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ChatGPT is helpful, but it is not all knowing. Cash for Keys needs proper legal advice.
Recently, I read an article about how difficult it has become for attorneys when clients or pro pers (those who represent themselves without an attorney) start to get answers from AI, such as ChatGPT, that are wrong. This is not entirely surprising to me, but it now has finally made its way to my day to day. When I negotiate tenant buyouts I mainly do so directly with tenants. There are of course deals that are easy, deals that take a lot of back and forth, and deals where we
Sasha Struthers
Dec 113 min read
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California Civil Rights Division (CRD)- What to do when you receive a CRD complaint from a tenant.
I have settled California Civil Rights ("CRD") Division cases for clients and most property owners do not realize these cases are increasingly more common. The CRD is the new re-branded name for the Department of Fair Employment and Housing ("DFEH"). The CRD is there to enforce mainly the Fair Employment and Housing Act ("FEHA"). I have dealt with the DFEH now CRD, first on the employment side for employers, and now the landlord side. Here are a few things to know about the
Sasha Struthers
Dec 92 min read
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Tenant Buyouts Bad? Here are 5 Reasons They Help
In my news feed came some quotes from Los Angeles City Controller Kenneth Mejia (link) that denounced Tenant Buyouts as being more or...
Sasha Struthers
Jan 9, 20243 min read
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