History has been made! The DC Council on Tuesday voted in favor of passing Bill 22-0315, which exempts single-family homes from TOPA legislation — some exceptions are made for elderly (62 and up) and disabled tenants. More on the specifics of this bill will be coming soon. The bill still must be signed by Mayor… Read more »
Posts Tagged: TOPA
March 6: A Huge Step Toward Fixing TOPA
On Tuesday, March 6, 10 DC Councilmembers voted to move forward on a bill that would exempt single-family homes from TOPA legislation. This is a step toward TOPA reform that the real estate community and homeowners have been fighting for for years, and while the bill still has a ways to go before becoming law,… Read more »
TOPA Update: We’re Making Progress!
Huge TOPA news: We have a single-family exemption working its way through the DC Council! If this bill goes through the Council’s legislative process and becomes law, it would create a full exemption from TOPA for single-family homes; the only exclusions currently noted in the bill are tenants who are A) 62 years or older… Read more »
TOPA Hearing Wrapup
The historic DC Council hearing on TOPA reform was yesterday, and what a day it was! Nearly 200 people showed up and more than two dozen people took the stand in front of the Committee on Housing and Neighborhood Revitalization, all to support fixing TOPA. Councilmember Anita Bonds, who chairs the Housing Committee, was shocked… Read more »
September 21st TOPA Hearing
For years, the District of Columbia Association of REALTORS® and real estate professionals around DC have struggled with the flaws in the current TOPA legislation. Now, we finally have a chance to get it fixed. The DC Council is holding an historic hearing on proposed changes to TOPA on Thursday, Sept. 21st. We encourage all… Read more »
Tenants Delay Woman’s Retirement By Dragging Out Sale
A woman rented out her property for several years, then she wanted to sell it and use the money to ease into retirement. Her tenants only agreed to leave after dragging out the sale for more than a year. #FixTOPA
Non-Paying Tenant Holds Up Sale for 2 Years
A single-family home was split into two smaller properties awhile back. A couple was interested in buying both properties and restoring it as a single-family unit. When they put in their bid, one of the properties was vacant, and a single tenant resided in the other. The seller attempted to evict the tenant, who had… Read more »
Tenant Threatens to Derail Sale, Extorts Seller for $30,000
A man was renting the basement of a home. The owner agreed to a contract to sell the home, and the contract allowed the tenant to continue renting the basement at the previously agreed-upon rate of $1,600 per month. The tenant refused to accept the deal and threatened to drag out the sale for as… Read more »
TOPA Scares Potential Homebuyer Away From DC
A woman was looking to purchase her first home, and she wanted to buy in the District. However, she travels frequently and planned to rent her home out while she was out of town. A friend informed the woman about TOPA, and after some research, she promptly changed her mind and purchased a home in… Read more »
Man Unable to Sell Condo Due to Unresponsive Tenant
A man bought a condo in Brentwood many years ago. He later moved out of the city, but he wanted to keep the condo by renting it out. Years later, he wants to sell the condo, and he contacted a REALTOR® to help him with the process. The REALTOR® was unable to get into the… Read more »