Voters Approve Proposition B Re Seller Disclosure of Certain Eviction Information

Voters Approve Proposition B Re Seller Disclosure of Certain Eviction Information

On June 6, 2006 the voters approved Proposition B which added section 37.10A(i) to the Rent Ordinance. The section requires owners of properties with two or more residential units to disclose to any prospective purchaser the legal grounds for terminating the tenancy of each unit to be delivered vacant at the close of escrow and whether the unit was occupied by an elderly or disabled tenant at the time the tenancy was terminated. The section further provides that disclosure on a flier available to prospective purchasers at open houses and tours of the property is sufficient compliance.