TOPA requirements for closing

By January 4, 2010 Uncategorized

In addition to providing Federal Title & Escrow Company with evidence of proper and timely notices to tenant(s) in accordance with Title IV of D.C. Law 3-86, “RENTAL HOUSING CONVERSION AND SALE ACT OF 1980 (a.k.a. TOPA),” Federal Title & Escrow Company requires the following in order for a seller to complete closing/consummation:

  • 1. A signed and notarized TOPA Affidavit form. The form provided below, or similar GCAAR form #1316, should be utilized;
  • 2. Each tenant must complete and sign a separate affidavit form in the presence of a Notary Public;
  • 3. Seller, or his/her agent,  must deliver each tenant-signed and notarized affidavit form to Federal Title & Escrow Company at least 3 business days prior to the scheduled date of closing/consummation.

TOPA Affidavit Individual

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