The Ellis Act allows a property owner to permanently remove all rental units from the rental market. The process involves strict timelines, very significant relocation payments to all tenants (with enhanced payments for elderly and disabled tenants), and long-term restrictions on future use of those units. San Francisco adds additional local requirements on top of state law. Ellis actions should only be pursued with legal guidance and a clear long-term plan. I help investors understand the full financial and legal cost before they consider this path.
