, living in one of the most expensive cities in the country forces people to get creative in order to find semi-affordable housing. And one of the best ways to get a deal is to luck into a room in a San Francisco apartment that’s been rent-controlled for years.
To understand a “master tenant” situation, it’s important to start with rent control and all the rules that come along with it. More than 60% of San Francisco’s rental units are subject to rent control. Specifically, rental units in a building constructed before June 13, 1979, qualify. Under the San Francisco Rent Board, people living in rent-controlled apartments are entitled to special protections regarding rental increases and eviction.
“These arrangements are pretty much the only affordable arrangements that are left,” said Scott Weaver, an attorney and volunteer with the San Francisco Tenants Union. “It’s unfortunate in this tight housing market because you want to be able to be picky about who you have as a master tenant.”But becoming a master tenant often happens by accident. “There’s no document that’s signed that empowers someone to be a master tenant,” said tenants’ rights attorney Joseph Tobener.
Yup the total rent for the 3 bed was $1600 that the master tenant was paying I was paying 1200 of that!!!!The master tenant moving out of their apartment entirely happens more than you’d think, whether or not they ever plan to return.
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Fuente: MarketWatch - 🏆 3. / 97 Leer más »