I started a lease renting a condo on march 15 2006. In my original lease, my move out day would have been april 15th 2007. In july the owner sold the property to a person who does not speak english. So far I have been going through his brother to get my questions answered. I would like to know if my lease is still legal, or can I move out?
2006-10-10 07:28:08 · 12 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
The owner breached the lease by selling the property while you had the right to occupy it under the lease until April 15, 2007.
You have two options, sue in court for your damages because of his breach of the lease terms. Or you could agree to the termination of the lease, and move out, by first writing a letter to the owner. Keep a copy of the termination letter for your records.
The person who purchases a residential property does not generally purchase the lease.
2006-10-10 07:31:59 · answer #1 · answered by Anonymous · 1⤊ 0⤋
So long as the new owner keeps up the original deal, it is binding, yes. You must wait until the 15th of April, unless he allows you to get out of the lease.
2006-10-10 07:30:20 · answer #2 · answered by DoNNy 2 · 0⤊ 0⤋
You can consult a lawyer for free. The owner also has the right to sell the building. If the building is sold, your lease will not change. The owner must either transfer your deposits to the new owner or refund them. If the deposits are transferred, the owner must tell you in writing and give you the new owner’s name, address and telephone number. You then can contact the new owner to see if they would be willing to break the contract.
2006-10-10 07:31:20 · answer #3 · answered by zaden99 2 · 0⤊ 0⤋
In most states, your lease would still be binding. The new owner, as part of the deal, received all the leases.
2006-10-10 07:30:59 · answer #4 · answered by Emma 3 · 0⤊ 0⤋
As someone else has said, Your lease is still binding on you, but it also protect you from increases in rent etc. from your new landlord during the term of the lease
2006-10-10 07:38:24 · answer #5 · answered by friarjohnofnga 1 · 0⤊ 0⤋
I would say your lease is still binding. The person who bought the property also "bought" your lease. It also protects you from eviction. If you want out you will have to negotiate with the new landlord.
2006-10-10 07:31:40 · answer #6 · answered by mik 2 · 0⤊ 0⤋
I would say it's not binding because the lease agreement was between you and the original owner.
2006-10-10 07:32:30 · answer #7 · answered by KathyS 7 · 0⤊ 0⤋
No your lease is not still legal unless it is stated in the lease that transfer of ownership includes binding the lease.
2006-10-10 07:31:09 · answer #8 · answered by Alex 3 · 0⤊ 1⤋
You and the new owner are both bound by your lease contract.
2006-10-14 00:37:18 · answer #9 · answered by Barbwired 7 · 0⤊ 0⤋
Yes, I would say that it is still legal. The fact that the property is sold doesn't make any difference.
2006-10-10 07:31:12 · answer #10 · answered by J.E.B. 6 · 0⤊ 0⤋