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Tenant Opportunity to Purchase Act (TOPA) | ota The DC Office of the Tenant Advocate’s (OTA) Education Community Outreach team (E O) offers tenants and tenant associations classes on the TOPA process as well as technical assistance Tenants living in buildings with five or more units are encouraged to contact OTA and request a TOPA 5 (+) class TOPA Process Charts
TOPA 4 LA The Tenant Opportunity to Purchase Act (TOPA) would give tenants in unincorporated LA County the right to be notified when their rental unit is about to be sold and given an opportunity to purchase it
Tenant Opportunity to Purchase Act Gives tenants and Qualified Nonprofits the right to purchase your property ahead of the open market Lengthens sales of properties such as single family homes and duplexes, up to 200 days to allow for preparation of offer, receipt of financing, and close of sale Sign up for updates to this policy
Tenant Opportunity to Purchase Act (TOPA): Policy Issue Tenant Opportunity to Purchase Act (TOPA) legislation creates an overly complex, lengthy and bureaucratic process for the sale of an apartment community, beginning with the requirement that a housing provider offers residents the right of first refusal
Tenant Opportunity to Purchase Act (TOPA) - MACDC TOPA contains safeguards to protect owners TOPA’s timeframes are designed to be typical of a normal real estate market in which properties are purchased with a combination of cash equity and debt
TOPA fact sheet - dcpolicycenter. org The District’s Tenant Opportunity to Purchase Act (TOPA) was enacted over 40 years ago, during a time of minimal rental housing construction and widespread condominium conversions, leaving tenants with few options
Tenant Community Opportunity to Purchase - PolicyLink TOPA was first enacted in Washington, DC in 1980 and is the nation's oldest and most comprehensive policy Under the District's TOPA, tenants have the right of first refusal, giving them the opportunity to match any other offer the landlord is considering
Frequently Asked Questions About the Tenant Opportunity to Purchase Act . . . What is TOPA? TOPA (Tenant Opportunity to Purchase Act) is a DC law that gives tenants the right to purchase the property they are renting before the owner can sell it to another party This law applies to single-family homes, multi-unit buildings, and rental properties, with some exceptions