In another look back over 2005, Ellis Act evictions were up 31% last year. It was intended as a punitive law to discourage condo conversions: landlords had to evict the entire tenant roster and the units were declared unrentable for ten years. But the new ease of financing TIC's and the overheated real estate market have made "Ellis Acting" look like "best use" business practices for small buildings.
There's no such thing as a non-eviction condo conversion in San Francisco. And while rental buildings of any size can be Ellis Acted, rental buildings with ten or more units cannot be converted to condominums or TICs.
? Renters Getting Deja Vu... [SF Chronicle]