Property owner sues over housing law

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

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