The right of a third party to purchase an accommodation is conditional upon exercise of tenant rights under this subchapter. The time periods for negotiation of a contract of sale and for settlement under this subchapter are minimum periods, and the owner may afford the tenants a reasonable extension of such period, without liability under a third party contract. Third party purchasers are presumed to act with full knowledge of tenant rights and public policy under this subchapter.
CREDIT(S)
(Sept. 10, 1980, D.C. Law 3-86, § 404, 27 DCR 2975.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 45-1633.
Legislative History of Laws
For legislative history of D.C. Law 3-86, see Historical and Statutory Notes following § 42-3401.01.
Miscellaneous Notes
Reenactment of Law 3-86: See Historical and Statutory Notes following § 42-3401.01.