What Does a Buyer of Tenant Occupied In Oakland, CA Need To Do?

Tenant occupied property can be challenging and can require some patience. I am sure that your Realtor information you about Measure EE which is the rent control ordinance for the City of Oakland.

The seller, according to the ordinance, cannot evict a tenant for the sale of a property and thus it becomes the buyer's responsibility to coordinate with the tenant.

Since the tenants have a lease that expires in November, legally they have a right to stay in the property until that time and then the lease would automatically convert to a month to month lease. At this time you would have the right to give notice to the tenants for owner occupation of the property.

A few things you will want to make sure to get from the sellers of the property is a copy of the lease as well as information from the seller regarding the type of deposit that the tenants submitted with the rental agreement. You will be responsible for returning the deposit to the buyers.

The City of Oakland has a rent control board and you may want to consider calling them to discuss your situation and what your options so you can make sure you are in accordance with Measure EE. Here is the link to their website with their contact informationmhttp://cedaonline.oaklandnet.com/rentadjustmentsite/index.htm

Here is a link to Measure EE so you can read through it if you have not had a chance yet: http://cedaonline.oaklandnet.com/rentadjustmentsite/ordinance/index.htm