Rule 3-9(a) / Re-referred to Assignments
Summary
The Tenant Opportunity to Purchase Act creates a statutory right for tenants or tenant associations to buy a residential rental property before it is sold to a third party. It applies to most rental buildings, requires owners to give advance notice of a sale, and sets timelines for tenants to match the offer. The measure aims to give renters a pathway to homeownership and preserve affordable housing.
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