When Coastline bought the building, it paid several tenants lump sums to vacate their apartments so it could charge new tenants much higher rents. Tracy Condon, executive director of the Santa Monica Rent Control Board, said property owners are required to notify the board of buyout agreements, but Coastline never did. Today, 12 of the 20 units are occupied, two by Coastline employees.
Long-term tenants who did not accept buyout offers said Coastline is still trying to get them to leave the building — but through more creative means.
Read More: https://www.smdp.com/corporate-landlord-cited-for-tenant-harassment-in-new-york-may-be-using-the-same-tactics-in-santa-monica-renters-say/182829