The right of a third party to purchase an accommodation is conditional upon exercise of tenant rights under this subchapter. The time periods for negotiation of a contract of sale and for settlement under this subchapter are minimum periods, and the owner may afford the tenants a reasonable extension of such period, without liability under a third party contract. Third party purchasers are presumed to act with full knowledge of tenant rights and public policy under this subchapter.
(Sept. 10, 1980, D.C. Law 3-86, § 404, 27 DCR 2975.)
1981 Ed., § 45-1633.
This section is referenced in § 42-3404.12.
Reenactment of Law 3-86: See Historical and Statutory Notes following § 42-3401.01.
Structure District of Columbia Code
Chapter 34 - Rental Housing Conversion and Sale
Subchapter IV - Opportunity to Purchase
§ 42–3404.02. Tenant opportunity to purchase; “sale” defined
§ 42–3404.02a. Registration of a tenant organization
§ 42–3404.04. Third party rights
§ 42–3404.05. Contract negotiation
§ 42–3404.06. Exercise or assignment of rights
§ 42–3404.07. Waiver of rights
§ 42–3404.08. Right of first refusal
§ 42–3404.09. Single-family accommodations
§ 42–3404.10. Accommodations with 2 through 4 units
§ 42–3404.11. Accommodations with 5 or more units
§ 42–3404.12. Exceptions to coverage of subchapter; expiration provisions