2006-08-19 12:08:21 · 9 answers · asked by respadatcill 2 in Business & Finance ➔ Renting & Real Estate
Yes. Part of the value of the complex sold is the "existing leases." The only thing is the new owner's can't change the terms of your existing lease.
2006-08-19 15:38:01 · answer #1 · answered by Paula M 5 · 1⤊ 0⤋
If the other people above are right, it might depend on the state. I know I had a lease and the owner sold the building. They decided to turn our apartments into condos and we all had 2 months notice to leave.
2006-08-19 12:35:23 · answer #2 · answered by thinkofasong 3 · 0⤊ 0⤋
Where I live the lease is transferred with the sale. The new owner has to honor the lease, as well as the tenant.
2006-08-19 13:29:52 · answer #3 · answered by Sharingan 6 · 0⤊ 0⤋
From the very undeniable actuality that the old proprietor is calling how lengthy of a lease you would possibly want to need to signal for it sound's like the hot proprietor is planning on holding absolutely everyone at the moment renting as tenant's. on the different hand they could no longer ought to kick you out, if there is no longer some form of cap on your lease it could be dealing with the roof.
2016-11-26 02:19:57 · answer #4 · answered by ? 4 · 0⤊ 0⤋
I belive you are, the new owners bought the building and they have copies of all the leases....If the new owners sell the property and want you out... then they only have to give you approx 45 days
2006-08-19 14:26:07 · answer #5 · answered by ariana 1 · 0⤊ 0⤋
well its up to you to talk to the new owners and make a new lease or he may leave things the way they are. New owners sometimes raise the rent or give you a notice of intent of rent increase.
2006-08-19 12:17:11 · answer #6 · answered by shepardman1 4 · 0⤊ 0⤋
Yes, the lease is transferred to the new owner along with your security deposit.
2006-08-19 12:24:39 · answer #7 · answered by Anonymous · 0⤊ 0⤋
more than likely. read your lease, it'll answer that for you.
2006-08-19 12:14:43 · answer #8 · answered by jay.shuler 2 · 0⤊ 0⤋
Buy your own house loser stop paying for something that you will never own....
2006-08-19 15:17:29 · answer #9 · answered by bullsfan_1971 3 · 0⤊ 0⤋