Tenant Buyout - Los Angeles

[Nadeim M.]

Hello, 

I have a tenant renting a unit on a MTM basis in Los Angeles at approximately 40% - 50% of the market rate. The unit falls under Los Angeles' rent stabilization ordinance (RSO), so I can't simply evict them. I would like to do a buyout. Does anyone have experience with the process in Los Angeles? Any advice you can offer? Did you fully comply with the LAHD's buyout program, or did you simply work it out with the tenant without getting the LAHD involved? Thanks in advance for the help. 

[Andrew Tyree]

Ooooof, that's rough! I would call in an attorney to properly advise on the subject. I have a great real estate attorney who does tenant issues all the time. Feel free to DM me and I'll give you his contact. He's great and not as pricey as other attorneys I've seen.