SUBSCRIBERS

Judge blocks San Francisco law on huge compensation to tenants

He says it crosses line between legal government regulation and a money grab

Published Thu, Oct 23, 2014 · 09:50 PM
Share this article.

San Francisco

SAN FRANCISCO'S first-in-the-nation law requiring property owners to pay evicted renters as much as hundreds of thousands of dollars to leave their units was struck down by a judge who said that it "crossed the constitutional line" between legitimate government regulation and a money grab.

In a city that faces an affordable housing crisis with average rents of US$3,100 for a one-bedroom apartment, the unprecedented ordinance would require one multi-unit property owner to pay more than US$1 million to tenants being legally evicted from 13 units, according to a federal judge's ruling on Tuesday in a lawsuit challenging the measure.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here