The place is for sale, top neighbors are moving out. I am left alone in this place and want out of my lease. Can I get out of my lease since I am getting a new landlord? Or do I have to find someone to move in and finish my lease.. if so, how do I do that, just advertise?
2007-03-24 20:45:15 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
can I just call the real estate agent and tell them that I don't want my lease when the new owner buys the place. It is a duplex and I am in the bottom part.
2007-03-24 20:46:06 · update #1
No, you and the new landlord are into it for the duration of the lease. In all likelihood, there is a clause against subletting your space unless the party is acceptable to the landlord. My advice would be for you to simply ask the new landlord if s/he would mind voiding your lease. There is a decent chance they will go along because it would mean that they could raise the rent sooner.
2007-03-24 20:55:14 · answer #1 · answered by Scott K 7 · 2⤊ 0⤋
Usually when one buys property, all of the contracts that go along with the property go with the sale. Thus your lease would be bought by the new owners and you would still have to honor it. However, since you only have three months left on the lease, you might be able to find another place and with the agreement of the owners get out of the lease. You should probably ask a legal aid about this and get all your lease papers together to see how the lease is written.
2007-03-25 03:57:02 · answer #2 · answered by SympatheticEar 4 · 0⤊ 0⤋
I'm assuming the house hasn't been sold yet, so technically you're still in a legally binding contract.. unless there was a clause in your lease explaining to you that if the property was for sale, the lease would be void. However, I'm going to say this isn't the case.
With that being said, I wouldn't just up and leave. They could throw this on your rental history and most decent places won't approve you to rent from them anymore. That, and it's very damaging to your credit score.
If you really don't want to live there anymore due to the new landlords, talk to your old one and see what they say. Sometimes they can be very lenient. BUT.. if it absolutely can't be done.. just wait the 3 months. You don't want 90 days screwing up your credit for years.
Good luck!
2007-03-25 03:55:42 · answer #3 · answered by Vinz Clortho 2 · 0⤊ 0⤋
Talk to your landlord, they might agree to let you out of your lease. Then again, he may want to continue receiving your rent. Plus, if you are still renting when he shows it to possible buyer, they see one less unit they need to rent out.
I had the same thing happen to me. The new owners were converting the building to condo. When the new owners took over, they told us our leases wouldn't be renewed when they ended but we could buy the unit. Also, they told us, if we were close to the end of our lease and wanted to move out early, they would agree to terminate the lease early.
2007-03-25 04:07:56 · answer #4 · answered by AW 2 · 0⤊ 0⤋
Talk to your landlord. It does not matter if the place is for sale or not, the landlord still owns it and you are still bound to your lease agreement. He may let you out of it early..but you have to ask.
2007-03-25 09:30:23 · answer #5 · answered by KathyS 7 · 0⤊ 0⤋
Remember everything is negotiable a contract can be voided if both parties agree, it may be beneficial for an owner (and agent) for you to move so the home is more accessible for showing purchases. Just Ask if told no, say you refuse to show unless previously agreed upon in writing
2007-03-25 05:12:36 · answer #6 · answered by mstrofmymindyesthisistrue 1 · 0⤊ 0⤋