Here's a practical article for those of you who are wondering what will happen if the rule forcing 2-unit buildings to enter the lottery might affect you. (I will start this off by saying, please do not take this blog as your only source of information. I know you're smarter than that....always in the end defer to an attorney who specializes in TIC condo conversion ;)
There's a really easy to read article that summarizes how 2-unit buildings will be affected if the November ballot is passed, and this can be found on Andy Sirkin's TIC website - http://www.andysirkin.com/HTMLArticle.cfm?Article=114
To me, this reads: 2-units would need to enter the lotto like every other building...unless BOTH units were owner occupied by August 1st 2008 *cough* ...tomorrow..... and the owner's who were living there before August 1st are still the current owners, and they are NOT married to each other. Coincidentally, here is a nice loop hole that you might be able to take advantage of if you and your life partner are not actually legally married.
Well, I hope this information was very helpful! If you've just bought a 2-unit and you plan on condo conversion - change the PG&E over now and get a packin!
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