Information about DC TOPA Act
We do a lot of work on the Washington DC tenant opportunity to purchase act, which can also be referred to as the first right of refusal in the District of Columba. TOPA, as it's called, was created out of the Rental Housing Conversation and Sale Act in the early 1980's. It is designed to restrict owner rights and provide benefits to tenants. The benefits for tenants include the option to purchase as well as the ability to assign their right to purchase to a third party.
If you are considering buying a property that is tenant occupied or if you are thinking about renting your property out, you need to familiarize yourself with the Washington DC Tenant Opportunity to Purchase Act. The process can be a challenge to…
