Tuesday, January 24, 2006

Mayor Newsom Vetoes Disclosure Bill

Mayor Gavin Newsom vetoed one of the two bills that would impact the real estate market this past Friday. The bill, which would force sellers to advise of evictions of tenants with protected status, was approved by the Board of Supervisors last week. Read the SF Chronicle article here.

Word is in the air that Mayor Newsom will aslo veto the second bill, a bill which proposes all TIC conversions be approved by the Planning Commission, a lenghty process currently focused on properties with 5 or more units.

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