I entered into a lease agreement on December 1, 2006 and now the third month into the lease my landlord entered into a contract with a realtor to sale the house that I am currently residing in. My lease is contracted for 1 year and my payments are current. What are my legal ramifications and/or remedies?
2007-02-09 08:44:57 · 7 answers · asked by Jos 2 in Business & Finance ➔ Renting & Real Estate
If the lease takes precedence over any sale then you can stay in the home until your lease is up. You will probably have to move when the lease is up though. Most likley the new owner will have to take subject to your lease, meaning they will buy the home knowing you are leasing it.
2007-02-09 09:08:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Make sure there is nothing on the lease that states that the lease is invalid if owner sells said property.
Speak with a lawyer either way, to make sure you know what is going on.
2007-02-09 10:02:32 · answer #2 · answered by Kate 4 · 0⤊ 0⤋
Technically, there's a month-to-month apartment settlement in result containing each and each of the words of your unique hire different than the dimensions of the term. considering that's already previous the middle of June your observe of termination is already too late for the middle of July. It would desire to be introduced a minimum of 30 days previous to moving out. i'm able to't see him being "ok" with any plan you will desire to pay him late and circulate out with out appropriate notification. As for looking a form letter, purely write your guy or woman. it is not rocket technological expertise. tell him you're leaving and once you're leaving. I valuable that lease cost would be on his ideas and once you do no longer pay it you will pay attention from him.
2016-09-28 21:34:22 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Unless it specifically states otherwise in the lease, all that's going to happen is that you get a new landlord. The terms ($, months, etc.) cannot be changed.
2007-02-09 11:42:35 · answer #4 · answered by teran_realtor 7 · 0⤊ 0⤋
See a lawyer or call a legal service. Any answers that you get out here, are not going to be valid or help you when you make mistakes. Each states residency laws are different.
2007-02-09 08:49:51 · answer #5 · answered by william_bonfiglio 1 · 0⤊ 0⤋
Look for law schools around your area, many of them use their students in clinics that help resolve issues like this. They know all the laws, and best of all its free.
2007-02-09 08:53:52 · answer #6 · answered by Bevin M 3 · 0⤊ 0⤋
Sometimes they will buy your lease.
2007-02-09 10:08:27 · answer #7 · answered by joe1max 4 · 0⤊ 0⤋