Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Supervisors urge Rent Board to tighten 'reasonable reliance' standard as tenants protest Veritas pass‑throughs
Summary
The Board passed a resolution urging the Rent Board to adopt clearer, objective guidelines for the 'reasonable reliance' test used in operating and maintenance pass-through petitions. The vote followed extensive public comment from tenants who said Veritas Investors has pursued disproportionate pass-through rent increases on long-term residents.
The Board unanimously adopted a resolution urging the San Francisco Rent Board to adopt fair and objective guidelines for the use of “reasonable reliance” when evaluating operating and maintenance (O&M) pass-through petitions.
Supervisor Brown introduced the resolution and said the goal is to protect renters by clarifying whether a property owner “did in fact reasonably rely on their ability to pass through costs when they decide to purchase the building.” She urged the Rent Board and colleagues to develop…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
