| Upcoming Seminars |
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San Francisco Condo Conversion Workshops
Join us for an informal, one-hour workshop designed to prepare condominium conversion lottery winners for the conversion process, answer questions, and introduce our condo team. Each of these workshops will be limited to only eight participants, and will be held at our offices. To learn more, call Cam at 415-839-6407. (114 KBytes, PDF) |
Tenancy In Common & Condo Conversion Workshop
We will offer a TIC and condominium conversion workshop for real estate agents on March 24, 1:30 to 4:30, at the San Francisco Bay Club (150 Greenwich). Those attending will receive 3 hours of DRE continuing education credit. Cost is $90. For more information or to reserve a place, call Laura at 415-738-8545 or email dasirkin@earthlink.net. |
Arrange A TIC and Conversion Update or Workshop
We would be delighted to present a short update or refresher on the latest tenancy in common and condominium conversion developments to your group or real estate office, or to participate in a longer workshop that you arrange. Our participation is free of charge so long as there are 25 or more attendees. For more information, call Laura at 415-738-8545, or email dasirkin@earthlink.net. |
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| What's New |
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Sf Condo Conversion Lottery Bypass Proposal
Mayor Newsom's 2010 budget includes a provision for a one-time fee-based condominium conversion for buildings that have been unable to win the conversion lottery. Under the plan, properties that participated in the 2010 condo lottery would pay $20,000 per unit to convert to condominiums immediately. The per-unit fee would be reduced 20% for each pre-2010 lottery loss. Eviction history would disqualify certain buildings from the bypass. Sirkin & Associates will make other details available when we receive them. The measure will be debated at the June 21 Board of Supervisors meeting. |
TIC Lender Re-Enters Market
National Cooperative Bank has re-entered the individual loan market for tenant in common buildings in San Francisco. Rates start at 6.00% for 3-year fixed, and the program also includes a 7-year fixed at 6.50%. For information, contact Mickey Cogliandro at 415-669-8111. |
The New Generation of TIC Agreements
While we are proud of the more than 5,000 co-ownership agreements we have written over the past 25 years, we constantly adapt and improve our documents based on the feedback of co-owners and other attorneys. This year, our tenant in common agreements have made a quantum leap forward in quality and clarity, as explained in this article. |
2010 San Francisco Condominium Conversion Lottery Odds
This brief article describes the projected odds of winning the 2010 San Francisco condo lottery. |
2010 San Francisco Condominium Conversion Lottery Dates and Rules
San Francisco's 2010 condominium conversion lottery will take place February 3, and tickets will be available November 23 through January 22 and the DPW office. This link shows the 2010 condo lottery details and rules. (254 KBytes, PDF) |
Financing and Refinancing TICs In Today's Difficult Market
Answers to the the most commonly asked questions about TIC lending in the current lending environment |
Your Piece of Paradise
Alaska Airlines article, Spring 2009 Fractional Ownership offers a complete vacation experience (8878 KBytes, PDF) |
Should You Become a Co-Ho?
Time Magazine, August 21, 2008
Fractional Ownership Article with Andy Sirkin |
Ways to Share, and Save
To own a second home, you need to be rich, right? Wrong.
NYTimes, May 16, 2008 |
Fractional Ownership From the French Perspective
Le Parrain du Fractionals? Interview with Andy Sirkin in the Paris newspaper La Tribune (Francais) (87 KBytes, PDF) |
| California Supreme Court Rules in Marriage Cases (73 KBytes, PDF) |
Paris Pied-A-Terre at a Fraction of the Cost
San Francisco Chronicle, Sunday, April 13, 2008 |
Sirkin’s Fractional Ownership Regulation Guide
Disk with a complete text of laws, regulations and filing requirements for fractional and timeshare real estate sales and projects for all 50 states plus a summary of the most critical aspects of each state's law in 5-7 bullet points |
Clarification of San Francisco's Condo Conversion Rules
The SF Department of Public Works explains new interpretations of the condominium conversion rules including when building additions/renovations allow conversion without winning the lottery |
| Affordable housing comes to Mill Valley, CA |
A Less Expensive Way to Own Paris
Article in the New York Times |
A Second Home at Half the Price
Money Magazine article describing the benefits and exploding popularity of fractional vacation real estate ownership, private residence clubs, destination and vacation clubs, and other forms of fractional vacation property. (3560 KBytes, PDF) |
New Case Limits Local Governmental Regulation of TICs
Daro v. Foy, just decided by a California appellate court, clarifes that TICs do not fall under the Subdivision Map Act and therefor are not subject to local subdivision or condominium conversion restrictions. See pages 10-14. (178 KBytes, PDF) |
Fractional fairy tales: Vacation TICs are big business
Andy Sirkin interview - SF Chronicle |
TIC Demographics
An excellent study showing (for the first time) some of the demographics behind the San Francisco’s TIC phenonemon |
Shared sale of Hawaii properties hits market
Fractional, or shared-use, ownerships in Hawai'i |
TICs, Rent Control, and Unintended Consequences
Fabulous SF Weekly article by Matt Smith |
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