§ 42-3404.04. Third party rights.

Current through October 23, 2012

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.

                
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(Sept. 10, 1980, D.C. Law 3-86, § 404, 27 DCR 2975.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 45-1633.

Legislative History of Laws

For legislative history of D.C. Law 3-86, see Historical and Statutory Notes following § 42-3401.01.

Miscellaneous Notes

Reenactment of Law 3-86: See Historical and Statutory Notes following § 42- 3401.01.