The property is registered and the rent is regulated by the local authority. The landlord has had an offer from a property company who is aware of the tanancy situation and they want to accept the offer.
2007-02-27 00:49:24 · 4 answers · asked by wul 1 in Business & Finance ➔ Renting & Real Estate
the landlord can sell to whoever he pleases but morally should offer to the tenant first. if the house is sold the tenancy agreement is still valid and the new owners will have to honour this.
2007-02-27 00:56:49 · answer #1 · answered by EVH 5150 4 · 2⤊ 0⤋
They purchase the property, they purchase your lease. The landlord is not required to offer it to you because as long as your lease is valid, it cannot be broken unless you accept an offer to break it and move on. The new owner is under no obligation to renew your lease, however, after the period is up.
Now this is entirely different if the property is in foreclosure and you're renting a private house, not an apartment in a complex. The new owners can legally have you evicted. You'll need to speak to a real estate attorney regarding your legal rights if this is the case.
I strongly recommend you speak to your local housing authority on what your legal rights are and where you stand. Laws vary from state to state.
2007-02-27 00:57:11 · answer #2 · answered by sovereign_carrie 5 · 1⤊ 0⤋
you would be extra sparkling in what you're asking. If this transformation into in basic terms a tenant in a procuring mall, they don't "sell" their area to the replace tenant, they "sublease" it. And that would or won't prefer approval from the owner who certainly owns the procuring mall, counting on how the hire replace into written with the unique tenant. Yours appears like a sublease subject, the place you are the replace tenant, or sublessee. finally the unique tenant, or sublessor continues to be in charge for the hire if youin case you do not pay it, so the owner won't provide you a sparkling hire, or upload you to an latest hire. they have their unique settlement and that's all they prefer. Now whilst the preliminary 5 365 days term is up, the sublessor can the two a million) renew for added term as is in all probability presented for interior the unique hire; or 2) not renew because of the fact he would not prefer to be financially in charge for an area he's not working in. If he does not renew you're able to proceed to hire the area quickly from the owner at that ingredient in the event that they're keen to try this with you.
2016-10-16 21:19:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I am sure that if he owns the property he can sell it to who ever he wants, but then your problem is with the person who buys it, I think you would be better off talking to a solicitor or CAB, have a good look at your contract, unless you are a sitting tenant your landlord can give you notice to quit at any time within the boundaries of your contract,
2007-02-27 01:03:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋