Common Sense TOPA Reform Amendment Act of 2025 amends the Rental Housing Conversion and Sale Act of 1980.
The Common Sense TOPA Reform Amendment Act of 2025 amends the Rental Housing Conversion and Sale Act of 1980 to clarify the definition of a sale for the purposes of a tenant's opportunity to purchase a housing accommodation and to exempt new housing accommodations within the first three years after the issuance of a certificate of occupancy. The bill establishes a certification process for tenant support providers and qualified purchasers, requires the development of templates for tenant buyout agreements and purchase contracts, and mandates the establishment of a TOPA transparency portal to.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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