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Reply to "TOPA exemption for SFHs in DC - will this create more supply?"
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[quote=Anonymous]Help me understand this. I confess it seems crazy to me. The tenant has first right to purchase. But if I put it on the market for some very high price ($1m over market value), that right isn't very useful. Is the concern that, as soon as I get an offer I accept (which may below list), I have to shop that offer to the tenant, and the tenant has 90 days to match it, and then I would of course lose the buyer? If after 90 days the tenant doesn't come through at the offer price, i can relist--does the tenant have another right to match? I skimmed the Dc webiste but it jsut says "TOPA is very complex hire a lawyer" [/quote]
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