Tenants know your rights! You have the right not to enter into a voluntary sales contract. You can consult a lawyer before signing a voluntary sales contract. For more information on legalresources, click on the Legal Resource Information link You can terminate the sales contract in writing at any time within 30 days of all parties signing. If you accept a buyout and move, it is considered voluntary. If you are unintentionally evicted by the removal of your building from the housing market under the Ellis Act, you will receive moving expenses from your landlord, moving assistance from a non-profit agency and you may be eligible for priority for affordable housing in the city`s inclusion program. For more information on the filing of the offer/agreement and disclosure, please call 323.848.6450 If you offer a voluntary sales contract, a lessor must provide each tenant of the rental unit with a disclosure of rights, in at least fourteen type fat points in the immediate vicinity of the room for signatures. From January 17, 2019, a lessor will have to follow new rules when entering into voluntary buy-back agreements. A voluntary sales contract is an agreement between the tenant and the landlord to evacuate their unit for payment. The contract must be signed by the landlord and tenant and a copy of the fully executed tenancy agreement must be made available to the tenant. The lessor is required to provide a copy of the signed and dated LARSO disclosure notification and the lease agreement with HCIDLA within 60 days of signing the contract. This can be done by mail: HCIDLA – Rent Stabilization Division – 1200 W. 7th Street, 8th Floor, Los Angeles, CA 90017 or by email: firstname.lastname@example.org IMPORTANT! Owners must follow the following steps to ensure that the voluntary sales contract is valid IF YOU PLEASE THE SUIVI. This page contains basic information on the requirements of owners to offer a voluntary sales contract.
More information will soon be available, including links to the disclosure of customer rights and the bid agreement. Please read the information below and contact Rent Stabilization to receive instructions to complete the required forms at (323) 848-6450. Meet and inspect the property together on the agreed exit date when the money is exchanged for the keys. Make a copy of the contract available to the tenant and be sure to submit it to HCIDLA within 60 days of the contract being signed by both parties. If you accept a buyout and move, it is considered voluntary. If you are unintentionally evicted by the removal of your building from the housing market under the Ellis Act, you will receive moving expenses from your landlord, moving assistance from a non-profit agency and you may be eligible for priority for affordable housing in the city`s inclusion program.