District of Columbia Option to Purchase - Short Form

State:
Multi-State
Control #:
US-01730-AZ
Format:
Word; 
Rich Text
Instant download

Description

This is a short form of an real estate purchase contract. If purchasing a dwelling, a full length contract is advisable. Adapt to fit your specific facts and circumstances. Don't reinvent the wheel, save time and money.

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FAQ

To register for a military exchange in the District of Columbia, you typically need to provide identification and proof of your military affiliation. Completing the registration often involves visiting the nearest exchange or using their online platform. If you're looking for additional legal guidance or forms related to these processes, USLegalForms can offer valuable support.

To register a foreign corporation in the District of Columbia, you must complete the appropriate application forms and submit them to the Department of Consumer and Regulatory Affairs. Ensure that you provide all necessary documentation, including your corporation's formation documents from its home state. For additional support, USLegalForms can assist you in navigating the registration process effectively.

District of Columbia's Tenant Opportunity to Purchase Act (TOPA) The Washington D.C. act is the intellectual ancestor of H. 3017 and similar proposals. It aims to prevent displacement by giving residents notice and right to purchase the building they rent prior to its sale.

The District Opportunity to Purchase Act (DOPA) is an affordable housing preservation tool that gives the Mayor the authority to purchase certain apartment buildings in order to: (1) maintain existing rental affordable units for tenants; and (2) increase the total number of affordable rental units within the District.

D.C.'s rent control law was passed in 1985 and applies to owners of most large buildings that were built before 1976. In those buildings, annual rent increases are limited to 2% plus the prevailing rate of inflation. (Last year, that was 2.3%, so rent could go up 4.3% total.)

Tenant Opportunity to Purchase Act (TOPA)

If you have been involved in real estate in the DC metro area you have likely come across the DC Tenant Opportunity to Purchase Act. But did you know that Takoma Park, Maryland also has a Tenant Opportunity to Purchase Act (TOPA)?

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The Tenant Opportunity to Purchase Act, or TOPA, affords tenants unique rights in the District of Columbia. Familiarize yourself with them whether you're a buyer or seller. The home owner and landlord must comply with all TOPA laws and provide tenants with appropriate disclosures when applicable.

The rent control law is the Rental Housing Act of 1985 (DC Law 6-10) as amended (the Act), which is codified at DC Official Code § 42-3501.01 et seq. Under the Act, an apartment building or apartment complex is called a housing accommodation, and a single apartment or house is called a rental unit.

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District of Columbia Option to Purchase - Short Form