Withdrawing Residential Property from the Rental Market
The state has allowed rental housing owners to back out of the rental market if they so choose by invoking the Ellis Act. While there have been almost zero Ellis Acts effected in Berkeley before the pandemic, it has become the only option for those saddled with the Eviction Moratorium's restrictions. If you've thought about getting out of the business, come learn how the Ellis Act works.
Presenter: Clifford Fried, Partner, Fried, Williams & Grice Conner Law Firm