Landlords have greater incentives to induce tenants in rent-stabilized units to vacate. In jurisdictions with rent stabilization ordinances, many landlords offer cash buyouts in exchange for tenants vacating rental units. Many of these buyout negotiations are not conducted fairly, and landlords sometimes employ high-pressure tactics or intimidation to induce tenants to sign agreements. Legislation is needed to promote fairness in buyout negotiations and agreements by requiring landlords to provide tenants with a statement of rights and allowing tenants a 30-day period during which they may rescind the buyout agreement in order to give tenants sufficient time to seek advice. This Legislation will help ensure that the City of Anaheim meets its goals to increase opportunities for extremely-low, very-low, low-, and moderate-income individuals and families to find diverse and quality housing in the City of Anaheim.