Pasadena Tenant Buyout Negotiation - What's the Strategy?

Право и Финансы 4д назад 3 answers • Kelsey P

My landlord in Pasadena wants to sell the condo we're renting and is offering us a buyout. The city's notice says the minimum amount they can offer is $11,895, but I've read that the average buyout this year has been $25,000. Should we review this with a tenant lawyer before making a decision?

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3 Answers

Ned • 4д назад

If you're not planning to stay in the same place for 10 years, your target rent figure might be overly ambitious.

Katrin B • 4д назад

Negotiating a buyout can be costly, so consider presenting a reasonable counteroffer and assessing your rent, comparable rent, move out costs, and the potential impact on the property's value.

Mathieu Lambert • 4д назад

Pasadena's online resources may provide conflicting information, but it's possible you're only entitled to the average rent based on long-term tenancies and special circumstances.

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Pasadena Tenant Buyout Negotiation - What's the Strategy?