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Notice to Lessor Exercising Option to Purchase - District of Columbia

Notice to Lessor Exercising Option to Purchase - District of Columbia 2026

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This document is a formal notice from the lessee to the lessor, indicating the lessee's intention to exercise their option to purchase the leased premises as per the Lease Agreement. It includes details about the purchase price and any required down payment.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the name and address of the Lessor in the designated fields at the top of the form.
Fill in the date of your Lease Agreement and ensure that you specify the premises address clearly.
Indicate your intention to exercise the option to purchase by confirming this in the appropriate section.
Enter the purchase price as specified in your Lease Agreement or Option Agreement, ensuring accuracy.
If required, include any down payment amount in the provided field, along with any necessary documentation.
Sign and date the document at the bottom, ensuring your printed name is also included for clarity.

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What is the rental Act in DC?

Unveiled in tandem with the 2026 budget, the RENTAL Act seeks to reform the Districts housing laws with sweeping changes to eviction processes, rental assistance, and the controversial Tenant Opportunity to Purchase Act (TOPA).

How does DC Topa work?

District law states that tenants in buildings up for sale must be offered the first opportunity to buy the building (DC Law 3-86, the Rental Housing Conversion and Sale Act of 1980,under which falls the Tenant Opportunity to Purchase Act (TOPA))/ The District encourages tenants to exercise this rightit stabilizes

How does Topa work?

TOPA policies, sometimes known as Community Opportunity to Purchase (COPA) or simply Opportunity to Purchase (OPA), lay out a specific process for the sale of rental units that can include minimum wait times of up to a year before an owner is legally allowed to place their property on the market.

What is the first right to purchase program in DC?

The First Right to Purchase is a part of the Rental Housing Conversion and Sale Act of 1980 and states that the tenants of rental buildings must be offered the first opportunity to buy the building. Single family dwellings are now exempt from TOPA, unless they are occupied by elderly or disabled tenants.

How does topa work in DC?

When a rental building is sold5 in Washington, D.C., tenants have unique rights under the Tenant Opportunity to Purchase Act (TOPA), a law embedded in the Rental Housing Conversion and Sale Act of 1980. Under TOPA, tenants can: Buy the building themselves, either as individuals or as a cooperative.

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