Tenant Opportunity Purchase Act (TOPA)
TOPA Attorney in Washington, D.C. - Call Us at (202) 759-7929
Under the Tenant Opportunity Purchase Act (TOPA), tenants have a certain
amount of days for a first right of refusal to purchase their residence
if the building owner either places it up for sale or ceases to use it
as a rental. The law provides a specific timeline and structure for how
the purchase and finance of the building should proceed.
If you are a tenant who is interested in purchasing your building, or if
you are a landlord who is selling your building, feel free to contact
our Washington, D.C. TOPA lawyers at Hunter & Johnson, PLLC for assistance.
We can represent a wide range of TOPA issues for landlords and tenants,
- Building code compliance
- Litigation and disputes
- Purchase/sale contracts
Consult our lawyers
at Hunter & Johnson, PLLC to discuss your TOPA issue.
Our team can guide you through the TOPA process step-by-step to ensure
that it is executed seamlessly. Depending on the size and number of units
in your rental structure, you may be subject to different rules and procedures.
It is important that you follow all the procedures and the timeline provided.
If there are any
disputes along the way, we are prepared to help you find the most cost-effective
Overview of TOPA
TOPA begins when residents receive a Notice of Offer of Sale from their
landlord, which informs residents of the building owner's decision
to sell the property. This document will include the asking price, the
terms of the contract, and more. Tenants have a 15-day right of first
refusal, which expresses their lack of interest or ability to purchase
the building, or their interest in purchasing the contract and negotiating
the terms. Any tenant who offers a price within the terms and time period
must have their offer accepted.
Call for a Consultation: (202) 759-7929
Whether you want to challenge a transfer or need counsel during negotiations,
our team is ready to help you throughout any stage of the TOPA process.
It is advisable that you retain a Washington D.C. landlord/tenant attorney
as soon as possible to ensure compliance with the law. Get in touch with
our firm today to get a positive team with an exceptional track record
on your side!
at (202) 759-7929 to reach our team.