Notice of Opportunity to Submit an Offer to Purchase
An owner must provide a Notice of Opportunity to Submit an Offer to Purchase (NOSOP) prior to or concurrent with the 12-month notice. Additionally, if an owner is contemplating selling an assisted property within five years of expiration or eligibility for termination or prepayment, they must provide the NOSOP at least twelve months in advance unless the sale or disposition qualifies for exemption pursuant to Government Code section 65863.13.
