D.C. Code § 42-3404.06: Exercise or assignment of rights; secondary assignment.
Where this section sits in the code
- Title 42. Real Property.
- Chapter 34. Rental Housing Conversion and Sale.
- Subchapter IV. Opportunity to Purchase.
(a)
The tenant may exercise rights under this subchapter in conjunction with a third party or by assigning or selling those rights to any party, whether private or governmental. The exercise, assignment, or sale of tenant rights may be for any consideration which the tenant, in the tenant's sole discretion, finds acceptable. Such an exercise, assignment, or sale may occur at any time in the process set forth in this subchapter; provided, that the cooling-off period in § 42-3404.03b has elapsed, and may be structured in any way the tenant, in the tenant's sole discretion, finds acceptable.
(b)
(A)
If a tenant assigns or sells the tenant's rights under this subchapter, the recipient may only further reassign the rights to a private or nonprofit corporation or a partnership of which the assignee or buyer is an owner, managing member, or officer who can legally bind the entity.
(B)
No consideration shall be allowed in exchange for a secondary assignment.
(C)
A tenant who has assigned or sold rights under this subchapter for consideration is entitled to said consideration regardless of whether the tenant has vacated the housing accommodation prior to receipt.
Collected 2026-08-29T05:44:07Z. Source file · JSON