This is an Investor Rights Agreement between the purchasers of preferred stock and the corporation issuing the stock. It contains restrictions on transfer, obligations of the company, indemnification clauses, covenants, and other applicable provisions of such an agreement.
District of Columbia Investor Rights Agreement
Category:
State:
Multi-State
Control #:
US-TC0211
Format:
Word;
PDF;
Rich Text
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How to fill out Investor Rights Agreement?
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FAQ
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 ...
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.
Tenant Opportunity to Purchase Act (TOPA)
The new act, THE TOPA SINGLE FAMILY HOME EXEMPTION ACT OF 2018 states: Single-family accommodations are exempt from the provisions of TOPA, except accommodations with tenants who are elderly (62 or over) or with a disability who signed a written lease by March 31, 2018 and took occupancy by April 15, 2018.
Washington, D.C. is not considered a landlord-friendly state because of rent control laws and more tenant-friendly laws compared to elsewhere in the U.S.
The new act, THE TOPA SINGLE FAMILY HOME EXEMPTION ACT OF 2018 states: Single-family accommodations are exempt from the provisions of TOPA, except accommodations with tenants who are elderly (62 or over) or with a disability who signed a written lease by March 31, 2018 and took occupancy by April 15, 2018.
(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.
What is a Tenant Opportunity to Purchase Act (TOPA) or Community Opportunity to Purchase Act (COPA) Policy? TOPA/COPA policies give tenants and/or quali- fied organizations (QOs) advance notice that the. landlord intends to sell the building, along with. specified timelines to exercise the ?right of first.
