§ 6-8. Offer of sale.

(a) In general

Prior to offer the rental single-family dwelling unit for sale to another party, a landlord shall provide a written offer of sale to:

(1) the tenant within the rental dwelling unit; and

(2) the Commissioner, on behalf of the Mayor and City Council.

(b) Contents of offer of sale.

(1) In general.

The offer of sale required by this section shall include:

(i) the asking price and the material terms of sale; and

(ii) a statement that the landlord shall provide the tenant, within 7 calendar days of a request, the following:

1. a complete copy of any third-party contact to purchase the rental single-family dwelling unit, with the purchaser name redacted; and

2. copies of available licensing inspection reports of the rental single-family dwelling unit for the previous 2 years.

(2) Delay.

For each calendar day of delay by the landlord to provide the information required by subsection (b)(1)(ii) of this section, the time period for the tenant to express interest in purchasing the rental single-family dwelling unit or to negotiate a contract with the landlord for the purchase of the rental single-family dwelling unit, as the case may be, shall be extended by 1 day.

The landlord shall share the fact sheet regarding tenant rights under this section, which can be obtained from the Department of Housing and Community Development's office or website.

(d) Changes after notice of sale.

(1) "Material change" defined.

In this subsection, "material change" means:

(i) a change in the purchaser under a third-party contact; or

(ii) a reduction in the sales price of 10% or more.

(2) In general

(i) If there is a subsequent third-party contract after the initial offer of sale was transmitted that results in a material change or if the terms of a third-party contract to purchase the rental dwelling unit materially change between the time an offer of sale is made and the settlement, the landlord shall provide the tenant with a new offer of sale reflecting the new terms.

(ii) If the initial time period to indicate interest has expired, the tenant shall have all rights preserved under this subtitle except that the period to indicate interest in purchasing the rental single-family dwelling unit under the revised terms of sale may not exceed 7 calendar days from the date of receipt of the new offer of sale.

(3) Sale price increase.

A landlord is not required to provide a new offer of sale if there is an increase in the sale price.