Should you rent out your properties in the District of Columbia, new legislation mandates your attention! Specifically, should you own fewer than five (5) properties in the District of Columbia, provided you have a basic business license and have proper registrations, your property can be exempt from the Tenant’s Opportunity to Purchase Act (a/k/a “TOPA”). The big takeaway here is “IF” because this new legislation does not exempt you from TOPA should you own multiple properties in excess of four (4)* or if you are not “registration compliant,” or if you are an entity owner (a non-individual owner). According to estimates from the Department of Housing and Community Development, over 15% of rental properties could be exempt but are not under this new legislation due to non-registration and non-compliance under District regulations. Contact Weiss LLP for further details.