District of Columbia Subsequent Transfer Agreement

State:
Multi-State
Control #:
US-EG-9061
Format:
Word; 
Rich Text
Instant download

Description

Subsequent Transfer Agr. btwn ABFS 1999-4, American Bus. Credit, Homeamerican Credit, Inc. d/b/a Upland Mortgage, et al. dated Dec. 1, 1999. 5 pages
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FAQ

In general, a tenant's rent should not go up by more than 8.9% this year, unless the housing provider has special approval. If a tenant is 62 or older or has a disability, the rent should not go up by more than 5%, unless the housing provider has special approval.

The District Opportunity to Purchase Act (DOPA) promotes affordable rental housing by maintaining the affordable status of existing affordable rental units as well as increasing the total number of affordable rental units within the District.

Authorized fees for the payment of rent beyond 5 days after the rent payment is due. "(a) Pursuant to subsection (b) of this section, a housing provider may charge a late fee of no more than 5% of the full amount of rent due by a tenant.

Allowable Rent Increases Based on CPI-W For most tenants, the most that their rent can increase is the CPI-W percentage plus 2%, but not more than 10%. For tenants who are elderly or disabled, the maximum increase in rent charged is the CPI percentage only, but not more than 5%.

In both DC and Virginia, the 'proponent of an oral contract has the burden of proving all the elements of a valid and enforceable contract'. Both jurisdictions will enforce an oral contract so long as it does not violate the statute of frauds and the essential elements of a contract are satisfied. In review: contract formation in USA (Washington) - Lexology lexology.com ? library ? detail lexology.com ? library ? detail

(a) Before an owner of a housing accommodation may sell the housing accommodation or issue a notice to vacate for purposes of demolition or discontinuance of housing use, the owner shall give the tenant an opportunity to purchase the housing accommodation at a price and terms that represent a bona fide offer of sale. § 42?3404.02. Tenant opportunity to purchase; ?sale? defined. | D.C. Law ... dccouncil.gov ? council ? code ? sections dccouncil.gov ? council ? code ? sections

What Should the DOPA Offer of Sale Include? following information: (1) monthly operating expenses; (2) utility consumption rates; (3) capital expenditures for the previous two years; and (4) a building floor plan. How Much Time Does the District Have to Decide to Purchase the Housing Accommodation? District Opportunity to Purchase Act dc.gov ? dhcd ? publication ? attachments dc.gov ? dhcd ? publication ? attachments

District law states that tenants in buildings up for sale must be offered the first opportunity to buy the building (DC Law 3-86, the ?Rental Housing Conversion and Sale Act of 1980,?under which falls the Tenant Opportunity to Purchase Act (TOPA))/ The District encourages tenants to exercise this right?it stabilizes ... Tenant Opportunity to Purchase Assistance | dhcd dc.gov ? service ? tenant-opportunity-purch... dc.gov ? service ? tenant-opportunity-purch...

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District of Columbia Subsequent Transfer Agreement