You have been approached by the landlord with a cash offer to vacate your apartment. It is called a buyout. Should you take it? Is it a fair offer? Do you have leverage to negotiate a better offer? We urge you to know your rights before you take the cash. A rent-stabilized tenancy in Beverly Hills is worth more than you think. So let’s talk about the buyout and your options when the landlord comes calling with cash in hand.
The Beverly Hills Rent Stabilization Commission has been busy since it was reconstituted in August with new tenant representatives. The commission first recommended bringing to an end the city’s moratorium on eviction for nonpayment. Then it took tentative steps toward allowing a double rent increase while trying to cushion the impact on tenants. Now at the upcoming September 1st meeting the commissioners will decide whether to end or amend the other emergency tenant protections: the moratoriums on rent increases and no-fault evictions. Is it time for those protections to end?Read more