The D.C. Real Estate Guide

If you are considering renting out a room, basement, or entire unit, there are several laws you need to know about to avoid fines and even jail time.

If you are considering renting out a room, basement, or entire unit for some additional income, there are several laws you must know about to avoid a sticky situation down the road, including a tenant that refuses to leave when you are trying to sell, fines, and even jail time! DC Landlord/Tenant Laws address the proper procedure regarding receipts, security deposits, inspections, evictions, the sale of rental units, etc.   Keep reading →

Co-op owners do not own real estate because stock is personal property.

A co-op, short for cooperative, is a corporation that offers prospective purchasers shares of stock for the title to the land and building. The price of each stock is what the corporation sets for the price of each apartment.  Shareholders receive a proprietary lease for the duration of the corporation. Coop owners do not own real estate because stock is personal property.

Click on the following link to learn more about Coop ownership, board approval, financing, management, fees, underlying mortgages, tax benefits and resale.

What is a Coop?