Common Contracts
1 similar Buyout Agreement contracts
Buyout Agreements Filing RequirementBuyout Agreement • May 5th, 2017
Agreements where a tenant voluntarily agrees to move out of a rent-controlled unit in exchange for a sum of money are lawful provided owners com- ply with all procedures set forth in local law regarding buyout agreements. To help ensure ten- ants are aware of their rights before accepting a buyout offer, owners are required to give ten- ants a written statement of their rights — including the right to refuse to enter into such an agree- ment — before starting negotiations. Additionally,
