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Can you sell Topa Rights DC?

Nadeaus Home Sale Facilitation Amendment Act, prevents tenants in owner-occupied single-family dwellings from selling or assigning their TOPA rights.

What happens to tenancy agreement when landlord sells?

Your tenancy will carry on, even though the ownership of the property has changed. Whether they like it or not, the new owner must allow you to continue living in the property until your fixed term ends. Also, they must honour any terms originally set out in the tenancy agreement.

How does Topa work in DC?

When a multi-family rental property in DC is contracted for sale, TOPA allows tenants the right to refuse the sale and with the help of a third-party developer buy the building at the contracted sale price.

Can you sell a house with a tenant inside?

You can sell your rental property with sitting tenants. However, its important to remember that your tenants have certain rights. You should always inform sitting tenants of your intention to sell before putting your property on the market and explain your reasons for doing so.

What happens to tenants when a property is sold New York?

Even though the landlord is selling the house, you are obliged to pay the rent as long as you stay on the property. After the sale, if the new landlord allows you to remain on the property as a tenant, youll continue paying rent, but to the new owner.

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