The Tenant Buyout Agreement Transparency Amendment Act of 2025 aims to enhance transparency and fairness in tenant buyout agreements within the District of Columbia. The bill establishes a Tenant Buyout Notification Program under the Department of Housing and Community Development to monitor and enforce buyout offers and agreements. It mandates that before making a buyout offer, landlords must provide tenants with a notice of their rights, and the buyout agreement must be written in the tenant's primary language, clearly stating their right to consult an attorney. Additionally, the bill requires that the monetary payment in a buyout agreement be no less than the initial offer and no greater than the maximum amount set by the Rental Housing Commission, which will also determine these caps based on various household characteristics.
The legislation also includes provisions for enforcement, stating that any buyout agreements that do not meet the specified requirements will be void and unenforceable. It introduces a new section that requires the Rental Housing Commission to assess and establish maximum payment thresholds for buyout agreements at least once every three years, considering factors such as household size, length of tenancy, and fair market rent. This comprehensive approach aims to protect tenants from potential exploitation while ensuring property owners are aware of their obligations in buyout negotiations.