Common Sense TOPA Reform Amendment Act of 2025

This bill reforms Washington D.C.'s Tenant Opportunity to Purchase Act (TOPA), which gives tenants the right to buy their building during a sale. It directly affects tenants in existing rental buildings, building owners, and new developers. Key changes include exempting new apartment buildings from TOPA for three years after construction, creating certification requirements for tenant support organizations and qualified buyers, clarifying sale notice procedures, and establishing a public transparency portal for TOPA transactions. These updates aim to streamline the process while preserving tenants' purchase rights and addressing concerns about delays.