Small Property Owners v. City & County of San Francisco, 47 Cal. Rptr. 3d 121 (2006)

Citation: Small Property Owners v. City & County of San Francisco, 47 Cal. Rptr. 3d 121 (2006)
Parent Document: Small Property Owners v. City & County of San Francisco, 47 Cal. Rptr. 3d 121 (2006)
Jurisdiction: California (state)
Effective Date: 2006-08-09
Original Source: https://www.courtlistener.com/opinion/2255746/small-property-owners-v-city-co... ↗

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is distinguishable. There, the ordinance required landlords to invest tenant security deposits into funds that, since the inception of the ordinance, would pay landlords less interest than landlords had to pay to the tenants. Here, by contrast, nearly two decades passed under the Ordinance before the landlords’ return on security deposits, even in money market accounts, was less than the 5 percent fixed rate. It is reasonable for landlords to foresee that some time in the course of their ownership of their residential rental property, at some point during the effective period of the Ordinance, the 5 percent they had to pay to tenants would exceed the return they would get on those funds if they placed the funds in a money market account. In any event, Action Apartment

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