Reply to TOPA exemption for SFHs in DC - will this create more supply?

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Reply to "TOPA exemption for SFHs in DC - will this create more supply?"

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[quote=Anonymous][quote=Anonymous]What do you mean "issue the 90 day notice to tenants"?  Just because TOPA may be abolished doesn't mean you will be able to arbitrarily terminate leases...  Only the new owners will be able to do that, and only if they certify they want to recover the property for personal use.[/quote]

OP here:
Owners of a SFH can have always been able to issue a 90 day notice that they will reclaim the property for "personal use." This is a perfectly valid reason for legal eviction under DC law.

The issue with doing this in previous years is that the TOPA right remained with the tenants until 12 months after being legally evicted by a home owner. The home owner couldn't sell or rent the property within the 12 month time span of reclaiming the house for personal use.

But with under the new legislation, the TOPA rights are extinguished for the previous tenants since SFHs would be exempt from TOPA. Therefore, the next day after I reclaim the property, I can conceivably put it up for sale. This seems to be perfectly legal.

If the TOPA change goes into effect in late April, I would give the 90 day notice immediately. Then I basically just wait out the clock until the summer to reclaim my house, prep it for market, and put it up for sale in September.

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