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Reply to "If I am a landlord who only owns a single condo, tell me about TOPA"
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[quote=Anonymous][quote=Anonymous]As an owner of a single rental property you may be exempt from the fair housing act. [/quote] This. Plus, you'll be exempt from DC's Rent Control law. You are NEVER exempt from TOPA. That said, it may work out nicely for you if your renter wants to buy your place. You can save 6% in selling fees. But be sure to vigorously vet your tenant: call their employer, most recent three landlords, full credit and legal report, accounting of assets & liabilities, etc. [/quote]
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