Word: landlords
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Dates: during 1980-1989
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Proposition 1 would allow tenants who have lived in rent-controlled apartments for more than two years to buy them, if the landlord is willing to sell...
Surprisingly, that low rate of homeownership is required by local law. The vast majority of tenants are forbidden by city ordinance from buying their own apartment, even if they wish to buy it and their landlord wishes to sell it to them. (The only current exceptions are owner-occupied one-, two- and three family homes, new construction, and tenants who were lucky enough to have moved into their apartment before August...
...streets. One current sign, for example, stuck in front of the Coop bookstore building, offers (on professionally printed, slick, self-stick paper) $1500 cash for information leading to a rentcontrolled apartment. This money is customarily paid to a tenant moving out, for introducing the reward payer to the landlord...
Proposition 1 says that if you have been a tenant in a rent-controlled apartment for two years, and if you wish to buy your home (and if your landlord wishes to sell it to you), you can do so. Under Proposition 1, you will not be required to buy. If you prefer, you can continue to rent forever at a low, rentcontrolled rent, just as you can now. But under Proposition 1, you will be given your choice...
...council should find out what kind of landlord Harvard Real Estate (HRE) is and should question the propriety of running HRE like a for-profit corporation. Specifically, HRE has taken over the management of Memorial Hall and imposed new regulations on student groups trying to use the building for parties or performances...