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City and County of San Francisco Phone: (415) 5545827 Fax: (415) 5545324 www.sfdpw.org Subdivision.Mapping sfdpw.org Department of Public Works Office of the City and County Surveyor 1155 Market Street,.

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The key difference between the two types of units is the form of ownership: a condo is ownership of a sole piece of property; a TIC is a shared form of ownership with one or more co-tenants.

In real estate, a condominium conversion or condo conversion is the process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individually sold units as condominiums.

Buildings that weren't picked one year would get more and more lottery tickets every year with buildings with a smaller number of units getting more tickets each time. It could, for example, take as little as 4 years for a 6-unit building to convert (on a fluke) but 6-12 year waits were far more common.

The Condominium Conversion program is available for buildings of six residential units or less. For all buildings, owners must have occupied 50 percent or more of the units for three years continuously prior to entering the annual lottery for condo conversion.

In Southern California, TIC is most often used to refer to a special arrangement that allows individuals to own a unit in a building before that building converts to a condo and it's often the easiest way for first-time buyers to own a home.

You have to read this contract carefully and make sure you are legally covered. I advise getting legal counsel to review everything before you put in the offer. If you are buying a TIC in hopes of eventually renting it out, know that TICs are covered under San Francisco rent control, and condos aren't.

The ordinance requires landlords planning to end a tenancy agreement to convert a unit to a condominium or cooperative unit to provide the tenant with a Tenant Notification Form. The form spells out the tenant's rights and benefits. Landlords are required to provide the tenant with the Notice in their primary language.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232