Stay compliant with San Francisco's Community Opportunity to Purchase Act by tethering yourself to a law firm that intimately understands this new regulatory regime.
Documentation is specialized, timelines are unforgiving, and sellers must engage in good-faith dialog with nonprofits to fulfill the spirit and letter of the law. Bornstein Law's COPA Compliance Package ensures no stone is left unturned in any phase.
We handle the transaction from start to finish.
Notification to the qualified nonprofit that the seller intends to put the multi-unit property on the open market.
Qualified nonprofits have prescribed timeframe windows. We will track the timing of responses, or lack thereof.
Handle communication between multiple parties and serve as the conduit between nonprofits, private buyers and the seller.
For qualified nonprofits who have provided an offer, we prepare the 5 Day Right of Refusal.
Send Final Certification of Substantial Compliance to the Mayor's Office of Housing and Community Development.
The entire process illustrated in an easily-digestible fashion
There are many moving parts when putting a multi-unit property on the market, giving qualified nonprofits preferential treatment in the selling process, entertaining multiple offers, and managing deadlines. We attempt to make sense of it all in this handy infographic.
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IF YOU OR A CLIENT WANTS TO SELL A MULTI-UNIT PROPERTY, LET'S BUTTON IT UP.
Daniel Bornstein and his team will oversee the sale from A-Z so that you can avoid liability, cauterize risk and close escrow with confidence.
Please don't cut any corners and risk civil penalties or worse, invite costly litigation from a disgruntled nonprofit that argues they have been left out of negotiations. Bornstein Law will ensure all of the I's are dotted and the T's are crossed. When you or a client is contemplating the sale of a multi-unit property in San Francisco, it is vital to seek informed guidance.