Tenants-Oportunity-to-Purchase-Act

DC’s Tenant Opportunity to Purchase Act (TOPA) is a statute loaded with challenge and ambiguity. Much to the consternation of practitioners, whether they be real estate agents, lenders or title companies, or sellers/landlords, this statute has caused confusion and delay in many real estate transactions in DC. As much as 33% of pending sales each month are postponed because of perceived or actual non-compliance with the statute.