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D.C. Municipal Regulations (Last Updated: September 13, 2017) |
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Title 14. HOUSING |
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Chapter 14-47. CONVERSION AND SALE OF RENTAL HOUSING |
Section 14-4712. CONTRACT NEGOTIATION
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4712.1The tenant(s) and the owner shall bargain in good faith.
4712.2The following items shall constitute prima facie evidence of lack of good faith:
(a)The failure of an owner to offer the tenant(s) a price at least as favorable as that offered to a third party, within the time periods specified in the Act, without a reasonable justification;
(b)The failure of an owner to make a contract with the tenant(s) that substantially conforms with the price and terms of a third party, without reasonable justification, except where the Act may require otherwise; and
(c)The willful violation by a tenant or owner of the provisions of the Act.
4712.3The owner shall not require the tenants to pay a deposit of more than five percent (5%) of the contract sales price in order to make a contract. The deposit, with interest accrued thereon, shall be refundable in the event of a good faith failure of the tenants to perform under the contract.
4712.4The tenant(s) may assign his or her rights under Title IV of the Act to an agency or instrumentality of the District of Columbia or federal government.
4712.5The tenant(s) may exercise rights under the Act in conjunction with a third party to aid in the purchase.
4712.6A tenant or tenant organization shall have the right of first refusal for fifteen (15) days after the owner has notified the tenant organization of receipt of a valid sales contract from a third party. The owner shall notify the tenant(s) of such contract or offer.
4712.7If the third party contract is received before or during the tenant negotiation period, the fifteen (15) day right of first refusal shall come at the end of the negotiation period. If the third party contract is received after the tenant negotiation period, the fifteen (15) day right of first refusal shall begin when the tenants receive notice.