The Bay Area's foremost practitioners in tenant buyout agreements
Also known as a tenant buyout or “cash for keys,” a tenant surrender of possession agreement is a contract where typically, in exchange for compensation or rent waiver or both, both parties release all claims arising out of the tenancy.
Although our office has handled more of these agreements in the heyday of little oversight and relaxed rules, Bornstein Law still uses this vehicle quite a bit to secure vacancies, especially when there are no legal grounds for a proper termination notice.
Tenant buyout agreement rules throughout the Bay Area
Distrustful municipalities have enacted strict regulations governing the negotiations of buyouts. Get them straight from the source.
Items we need to draft a Tenant Surrender of Possession Agreement. Once we have this information, our turn around time is 48 hours.
Tenant buyout agreements in a nutshell
Get a global view here.