TOPA reappears in the Housing Bond Bill. SPOA alerts members to take urgent action.
Frequently Asked Questions
What is the Tenant Opportunity to Purchase Act (TOPA)?
The Tenant Opportunity to Purchase Act (TOPA) would require property owners to offer their property for sale to sitting tenants before marketing it to the general public. This could make it harder for small landlords to sell their properties.
What action is the SPOA advising for the TOPA legislation?
The SPOA is urging members to contact their legislators immediately to express their opposition to TOPA. The Housing Bond Bill is currently being debated, and TOPA's inclusion could significantly impact small property owners.
How could TOPA impact small landlords in Massachusetts?
TOPA could negatively affect small landlords by limiting their ability to sell their properties on the open market. This act might create significant hurdles in selling a property and impact the financial returns for owners.
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