By By Rachel Swan Two owners of a tenancy-in-common have sued the city over a law the Board of Supervisors passed in 2013 that was designed to help owners convert TIC’s into condominiums, but with a provision that they offer a lifetime lease if there was a tenant in the unit.
To Pakdel and Chegini’s attorney, Paul Utrecht, that’s a clear example of a municipal government seizing private property.
Supervisor Mark Farrell and former Supervisor Scott Wiener, who originally sponsored the ordinance, saw it as a way to help small property owners who were jammed up in the city’s lottery system for condo conversions.
Farrell and Wiener [READ MORE HERE]
Source: SF Gate