I rent space for my beauty shop and the owner is selling the building. My lease it up in July, but I would like to leave before that. I am obligated to the lease since it will be a new owner?
2007-01-31 08:11:10 · 7 answers · asked by Kayla 1 in Business & Finance ➔ Renting & Real Estate
In most cases, when a new buyer buys a property, he also buys the leases. So yes, you would still be held to it. Your current landlord is probably making more money selling the building since you are already in it.
2007-01-31 08:15:11 · answer #1 · answered by ? 5 · 2⤊ 0⤋
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2016-07-20 09:15:41 · answer #2 · answered by Simone 3 · 0⤊ 0⤋
If your lease does not have a clause that permits you to break it, you have to stay or pay penalty. As the current owner to ask if you can leave prior to the July date. The new owner may want to use your space for another project.
2007-01-31 08:17:07 · answer #3 · answered by whatevit 5 · 0⤊ 0⤋
You will have to look at your lease, but most likley you are obligated to the new owner.
2007-01-31 08:29:11 · answer #4 · answered by Anonymous · 1⤊ 0⤋
The rules in each state concerning landlord/tenant themes are somewhat distinctive, so i don't be attentive to how lots this might help you. I stay in Ohio and own apartment residences. First, you're able to desire to study your hire thoroughly. My leases comprise a clause regulating noise, disturbances, and unlawful (which includes drug) activity. My tenants are stated to call the police in the event that they are experiencing a neighbor that is noisy, obnoxious, inflicting disturbances, or doing unlawful issues. they are additionally stated to represent me. I persist with up with the police branch (all public advice) to confirm any info i will, particularly if a record develop into taken or somebody develop into arrested. i will use this advice to evict concern tenants. plainly for the period of your case you have a landlord that doesn't particularly care what is going on in his apartment factors as long as he gets his funds. That being the case, you're able to desire to place your themes down in writing and deliver him a replica via ability of qualified mail so which you have info he have been given it. enable his a smart time to respond on your complaints (2 weeks?) and notice what he says. interior the interim, study your hire for any sections that address the kinds of themes you're having. in the journey that your hire includes them, the different leases probable do besides. If the owner won't enforce the sections, you will might desire to confirm the flexibility of putting your hire into escrow. This particularly ability that the owner is failing to hold up his end of the best deal, so which you do no longer pay hire until he fixes it. ok, you nonetheless pay hire, although that is paid into an escrow account (generally held via an legal expert or the courts) until he complies along with his own hire. Why is that this considerable? as quickly as you get an order permitting you to pay hire into escrow, he might okay comply with basically help you out of your hire with out penalty. that is going to cost him funds to combat an escrow request, and if granted, he does not get the funds until he fixes the topics. now and returned that is greater reasonably-priced for a landlord to shrink their losses in those concern. good success to you.
2016-11-01 23:50:43 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Rent-To-Own Home - http://RentToOwnHome.uzaev.com/?lmyB
2016-07-12 09:12:11 · answer #6 · answered by ? 3 · 0⤊ 0⤋
yes.. you are op ligated to the lase atilt the expiration day
2007-01-31 08:45:24 · answer #7 · answered by Anonymous · 0⤊ 0⤋