The Tenant Opportunity to Purchase Act (TOPA), passed in 1980, serves to protect tenants from having their property sold out from under them. TOPA requires owners to give tenants opportunity to purchase the property and a right of first refusal to match a third-party contract before the owner discontinues the use of that property. However, The TOPA Single-Family Home Exemption Amendment Act of 2018 states that owners of single-family homes no longer need to give tenants opportunity to purchase or a right of first refusal to single-family homes, but there are still notice requirements for these properties.
3601 Chain Bridge Rd. Suite C, Fairfax, VA 22030