Form B Offer of Sale & Tenant Opportunity to Purchase Without a Third Party Sale Contract for Housing Accommodations With Five (5) or More Rental Units - Washington, D.C.

What Is Form B?

This is a legal form that was released by the Washington DC Department of Housing and Community Development - a government authority operating within Washington, D.C.. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a Form B Offer of Sale?
A: A Form B Offer of Sale is a legal document used in Washington, D.C. for the sale of housing accommodations with five or more rental units.

Q: What is the purpose of a Form B Offer of Sale?
A: The purpose of a Form B Offer of Sale is to provide tenants with the opportunity to purchase the property before it is sold to a third party.

Q: Who is required to provide a Form B Offer of Sale?
A: Landlords or owners of housing accommodations with five or more rental units are required to provide a Form B Offer of Sale to their tenants.

Q: What is the Tenant Opportunity to Purchase?
A: The Tenant Opportunity to Purchase gives tenants the right to purchase the property at the same terms and conditions offered to a third party.

Q: What happens if a tenant wants to purchase the property?
A: If a tenant wants to purchase the property, they must submit a written offer to the landlord within a specified time period.

Q: Is a third-party sale contract allowed for housing accommodations with five or more rental units?
A: No, a third-party sale contract is not allowed until the tenants have had the opportunity to purchase the property.

Q: What are the consequences for not providing a Form B Offer of Sale?
A: Failure to provide a Form B Offer of Sale to tenants can result in penalties and legal consequences for the landlord.