When we first moved in our condo, we were to sign a 6month lease but building complex required 1 yr so we signed it. Landlord told us he's selling the condo & will be up to the new owner if he wants us to stay or not. We have 3more months til our lease is up & we received a letter from landlord stating that property is sold, that this is a notice to vacate by end of june & deposits would be refunded 20days after depending on condition. And that he would love to be a reference since we were great tenants. Our landlord is a really cool guy so we don't want to cause any trouble for him. But do they have the right to ask us to leave like that? 2months earlier than lease agreement & even so, are we the ones whose suppose to make the choice of staying or leaving once lease is over? My sister told me I can ask for some type of agreement from the new owner if he want us out? Help? San Mateo county..
2007-05-26 06:58:24 · 3 answers · asked by Kay 1 in Business & Finance ➔ Renting & Real Estate
Unless the lease specifically included language allowing this landlord to ask you to remove if the place should be sold, you have a legal and binding agreement which must be honored by the new owner.
Hopefully, you have retained a copy of your lease, which I recommend copying and forwarding to the new owner of the premises. This MAY create a problem for your current landlord, if he did not disclose that the property being sold was under a lease, or that he promised to get you out one way or the other.
It's your call as to how to proceed, but legally you have the right to remain in the premises until your lease expires.
2007-05-26 07:05:53 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
No this is not an eviction. You can ask the new owner if they intend on leasing the units again. You can check your lease agreement and see if there is anything regarding the sale of the property. You can also check state laws to see if the new property owner has to honor the lease or can end it with a 30 day notice.
2007-05-26 14:11:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The lease is binding with the new owner, the lease runs with the land.
Your deposits etc will transfer to the new owner.
2007-05-26 14:08:16 · answer #3 · answered by Jimmy 5 · 0⤊ 0⤋