Review cost estimates for studying tenant purchase rights law
In Plain English
The city is considering hiring a consultant to study whether tenants should get the first chance to buy their building when landlords sell. Staff will present cost estimates for this research. If approved, the study would examine how such a law might work in the city and what it would cost tenants and landlords.
Auto-generated summary. Source: official agenda documents.
Related agenda records
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Tenants Opportunity to Purchase Ordinance
Cease Tenants Opportunity to Purchase drafting
Recommendation to Establish Tenant Buyout Agreement Regulations
Research effectiveness of rent control
RECEIVE the previously approved Tenant Buyout Agreement Policy. APPROVE or MODIFY the Board's previously adopted policy of "High Level of Oversight" (Policy Option 3) and DIRECT staff to: (1) present the Rent Board's Policy during a study session at a meeting of the City of Richmond City Council and (2) work with the City Attorney's Office to draft a Buyout Agreement Ordinance