Apartment Trends from REIS

Apartment Trends for Q4 2013
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Apartment Trends for Q4 2013
Thiis video has been released by REIS, who is solely responsible for its content.
SF Legislative Recap for Residential Rental Real Estate mid-year 2010
With just a month to go until the official mid-year point of the year, the San Francisco Board of Supervisors has been busy passing legislation. Despite the economic crisis, the budget deficit, the health care crisis and a host of other pressing issues facing our city, state and country, our dedicated Board has found time to shift their attention to the business of rental housing long enough to make changes to the Rent Ordinance as well as other laws impacting rental housing.
In case you have been busy working, here’s the short list of changes coming from the San Francisco Board of Supervisors and a link to the legislative language:
Amendment to Just Cause Eviction limiting evictions during the school year (0060-10)
A resident now has a defense during the school year, to an eviction if they have a custodial relationship with a school age child. The interesting part of this modification is that the legislation is crafted as a defense to an eviction, rather than an eviction prohibition.
Amendment to Just Cause Eviction extending protections to buildings previously not covered (0030-10)
Buildings built after 1979, the residents of which had not been protected under the Just Cause Eviction protections, will now, after a foreclosure, have Just Cause protections during their lease term. In addition, after a foreclosure certain notices must be provided to the tenants. Failure to provide the notices creates a defense to an eviction.
No Smoking in public areas (0058-10)
The no smoking ban has been extended to residential multi-family housing and encompasses common areas, building entrances and sidewalks.
Soft-story building earthquake improvement fee waivers (0054-10)
As an economic inducement for building owners to spend tens, if not hundreds of thousands of dollars, the City will waive a few hundred or a few thousands in buildings fees, if you voluntarily make structural improvements to your soft-story building.
Fee Increase for Recordation (0070-10)
If you record a real estate instrument, you will now pay $3 per page rather than $2.
First posted on www.Examiner.com