Mayor Bowser’s RENTAL Act: Impact on D.C. Real Estate
February 2025 | Category: News
By Jennifer Jette On February 12, 2025, Washington, D.C. Mayor Muriel Bowser introduced the Rebalancing Expectations for Neighbors, Tenants, and Landlords Act (RENTAL Act)—a legislative package designed to stabilize D.C.’s housing system amid growing market distress. The proposed changes could have significant implications for developers, property owners, investors, and tenants navigating D.C.’s complex real estate landscape. The RENTAL Act seeks to reform existing regulations to balance the interests of tenants and landlords while encouraging housing development. Key provisions include: Exempting certain properties from the Tenant Opportunity to Purchase Act (TOPA) Accelerating eviction proceedings By making these changes, the RENTAL Act is designed to boost real estate activity, attract investment, and ensure a more functional housing market across Washington, D.C. Exemption of Market-Rate and Certain Mixed-Income Properties from TOPA A noteworthy provision in the RENTAL Act is the exemption of market-rate and select mixed-income apartment buildings from the Tenant Opportunity to […]