Third party rights.
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.
Annotations
Sept. 10, 1980, D.C. Law 3-86, § 404, 27 DCR 2975 Reenactment of Law 3-86: See Historical and Statutory Notes following § 42-3401.01. 1981 Ed., § 45-1633. This section is referenced in § 42-3404.12.
Sourced from the DC Council Open Law Library (public domain).
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