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Real Estate
Reply to "Tell me about being a landlord in dc"
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[quote=Anonymous]Here's the deal about right of first refusal: basically, the tenant can hold up the sale for months, in which time interested buyers could go elsewhere. So typically landlords agree to pay the tenant money in order for them to give up the tenant right of first refusal. This is usually anywhere from 3,000 to 12,000 dollars for a small landlord. Big buildings that are converting ownership to condos, etc, it is usually more like 20,000.[/quote]
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