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

Forum Index » Real Estate

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]1.  In DC, if a tenant is on a month-to-month lease, that means THE TENANT can terminate the lease with 1 month's notice.  The owner still needs to appeal to a legally valid reason (e.g., personal use) to terminate the lease.

2.  If I were your tenant, you evicted me by claiming personal use, and the day after you put the house up for sale, I would sue you for fraud.  You would have to show that something happened that could plausibly have made you change your mind about personal use...

Bottom line: a desire to sell a house is not a legally valid reason to terminate a lease.  You would still have to sell the house with the tenant in it.  Of course, since they no longer have TOPA rights, that might not be such a hassle.

[/quote]

Fraud? TOPA was your leverage and now that’s gone. That’s how you were able to previously sue because you had a statutory right to the first bite of the apple.

In practical terms, I’d probably need 4-8 weeks to get the house in order for the market. So that’s “personal use” for a month or two and then I go to sell.

I don’t see how this would be legal, given the proposed legislation. I’d need to read the statute text closely.

[/quote]

Edit - “I don’t see how this is ILLEGAL...”[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics