Right of first offer—Market-rate property.
Denver Revised Municipal Code § 27-50.5
in effectSec. 27-50.5. - Right of first offer—Market-rate property.
(a) An owner of a market rate property must provide HOST with a twenty-one (21) day notice of intent to sell the property prior to any public listing or marketing of the property or engagement with any interested third parties. The notice must include:
(1) The property name;
(2) The property address;
(3) Year of construction;
(4) Total number of units and bedroom types;
(5) Any commercial space;
(6) The sales price; and
(7) Full contact information for the seller or their designated representative.
(b) The city, or its designated preservation partner, has ten (10) days from the date it receives notice of intent to sell to provide notice of interest to purchase the property. If the city, or its designated preservation partner, has expressed interest to purchase the property, then the seller has ten (10) days from the date it receives notice from the city to provide the following information on the property:
(1) Property address and legal description;
(2) Rent roll;
(3) Vacancy rate, operating expenses and income, and common area amenities;
(4) Any marketing materials prepared on the property;
(5) Current title commitment; and
(6) Full contact information for the seller, or its designated representative.
(c) The city, or its designated preservation partner, has fourteen (14) days from the date it receives the property information required by subsection (b) to exercise or waive the right to first offer on the property. If an offer is made, then the seller has fourteen (14) days from the date of receipt to accept or reject the city's, or its designated preservation partner's, offer to purchase the property. If the seller accepts, then the city, or its designated preservation partner, has ninety (90) days to execute a purchase sale agreement and one hundred twenty (120) days to close on the real property transaction.
(d) An owner of a market-rate property who has decided to take an action described in subsection (a), must provide a written notice to tenants at the twenty-one (21) day notice of intent to sell period. During this notice period the owner shall not initiate a no cause eviction against a tenant of the building.
(Ord. No. 561-26, § 1, 6-5-26)
Source: City and County of Denver, Revised Municipal Code and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/co/denver/codes/code_of_ordinances?nodeId=TITIIREMUCO_CH27HO_ARTIIIPRAFHO_S27-50.5RIFIOFARTEPRFetched: 10/27/2026