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California Rent Law Excludes Condos as Waldmans Hit $7,000

8/21/2026

23 4 Full Breakdown

Summary

Story summary

U.S. entrepreneur Hans Geiszler raised the Waldmans' condo rent from $3,695 to $7,000 per month.
The 1996 condo is exempt from San Francisco’s 1979 rent-control ordinance, allowing unlimited increases.
California’s 2019 Tenant Protection Act caps rent hikes at 5-10% but excludes condos, enabling such raises.
The Waldmans moved out, finding a sub-$7,000 San Francisco rental but fearing disruption to their son’s neighborhood.

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Story summary

U.S. entrepreneur Hans Geiszler raised the Waldmans' condo rent from $3,695 to $7,000 per month.
The 1996 condo is exempt from San Francisco’s 1979 rent-control ordinance, allowing unlimited increases.
California’s 2019 Tenant Protection Act caps rent hikes at 5-10% but excludes condos, enabling such raises.
The Waldmans moved out, finding a sub-$7,000 San Francisco rental but fearing disruption to their son’s neighborhood.