Step 1: Landlords Must Disclose Tenants' Rights:

When offering a voluntary buyout agreement, a landlord must provide each tenant in the rental unit with a disclosure of rights, in at least fourteen-point bold type in close proximity to the space for signatures.

The disclosure should include these statements:

• You have the right not to enter into a buyout agreement.
• You may consult an attorney before entering into a buyout agreement.
• Within 30 days of entering into the agreement, you may backout (rescind the offer).
• Visit www.weho.org/rent for information about other buyout agreements in your neighborhood.
• If you accept a buyout and move, it is considered voluntary.  If you are involuntarily displaced by removal of your building from the housing market using the Ellis Act, you will receive a relocation fee from your landlord, relocation assistance from a non-profit agency, and could qualify for priority for affordable housing in the City's inclusionary housing program. 
• Rent Stabilization has additional rights that must be included. For more information, please visit www.weho.org/rent.
• Provide space for each tenant to sign and write the date the landlord provided the disclosure.

 Download the Tenants' Disclosure Notice here - Voluntary Buyout Agreement Disclosure Notice

Step 2: Voluntary Buyout Agreement

To be valid, the agreement Must:

• Be in writing in the primary language of the tenant.

• Be provided to the tenant at least 10 days before signed.

Step 3: The Landlord Must File Voluntary Buyout Agreements with the signed Disclosures with Rent Stabilization:

• No less than 31 days after and within 60 days of the agreement being signed by all parties.

For more information on filing the offer/agreement and disclosure please call 323.848.6450

For your convenience, a listing of recent buyouts is presented below, along with a visual representation across West Hollywood.

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