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Newsjock

(11,733 posts)
Mon May 5, 2014, 08:51 PM May 2014

SF landlord demands proof of $100,000 income from current rent-controlled residents

Source: SFist

Just a few years ago, Haight and Fillmore was derided as "dicey" (or worse). But these days, at least one landlord appears intent on driving the average San Franciscan out of the area, to be replaced by those who generate significantly more than the city's median income.

It's not clear why, as first reported by Hoodline, all the current residents of a rent-controlled building near Haight and Fillmore received the note you see in the image above, which stated that "The building policy/requirement of a current apartment applicant/resident is that they are able to establish that their minimum annual income is at least $100,000 - additionally required is a minimum FICO credit score of 725."

... More confusing, though, is why this note went to the current residents of the property. Tenants rights attorney Joe Tobener is just as flummoxed by the note as we are, telling SFist that in a rent-controlled building, "a tenant can only be evicted for one of fifteen reasons, and cannot be evicted for failing to meet a credit or income threshold."

Emphasizing his point, Tobener tells us that "Once a tenant is in a unit, they are under no obligation to provide any financial information to their landlord, under state or San Francisco law."

Read more: http://sfist.com/2014/05/05/lower_haight_landlord_wont_let_you.php

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Retrograde

(10,137 posts)
9. New tenants at twice the rent?
Mon May 5, 2014, 10:47 PM
May 2014

There's only so much space in San Francisco and a lot of people who want to live there, hence high prices for what few apartments there are.

 

arcane1

(38,613 posts)
10. Ah, yes. Scare off a few existing tenants and cash in on the "tech" wave
Mon May 5, 2014, 11:20 PM
May 2014

Just what we need. Combine that with the post earlier about auctioning off parking spots, greed is the word of the day

okaawhatever

(9,462 posts)
8. It says "...your attention to this informational advice" They're trying to intimidate without
Mon May 5, 2014, 10:33 PM
May 2014

openly breaking the law. It only says informational and it's only advice, your honor. No laws broken here.

jmowreader

(50,560 posts)
12. $100k minimum salary for a RENT CONTROLLED building?
Tue May 6, 2014, 12:00 AM
May 2014

Isn't the idea behind rent control to allow the non-rich to live indoors? And...uhh...evil landlord, if I earn $100k/year and I've got a 725 FICO, I'm going to BUY a place, not rent it from your sorry ass.

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