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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we considered only the 16-month period when those accounts paid less than 5 percent interest, the landlords’ loss was' minimal. As the parties stipulated, for landlords who held the maximum permitted security deposit, the amount of the interest difference claimed by appellants for the 16-month period was no more than 0.47 percent of the landlord’s annual gross rental income. Each affected landlord had to cover on average a shortfall of approximately $125. For appellant Lockley, the shortfall for the 16-month period amounted to $281 for two buildings, while appellants Facias and Evans “lost” just $51 and $33 respectively. While the parties debate whether this loss should be considered in the broader context of the landlord’s gross rental revenue and other business expenses, these sums are small by either measure. *1405 Offsetting this minimal out-of-pocket loss were economic benefits

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