Ok so this might happen and I'm just curious to know...we have a 6 month lease on the house that we're living in right now (we been living there for about 1 month now) and today..the property owner home broker came by and told us that the owner of the house want to sell the place and there will be people looking at the house who are interested in buying the place. my question is that can they kick us out before our 6 month lease is up and if they can, can we do anything about it? And, do we get our full security deposit back?
2007-05-31 06:58:19 · 5 answers · asked by daisy 2 in Business & Finance ➔ Renting & Real Estate
it's a rental written agreement of the lease that the property manager gave us.
2007-05-31 07:19:19 · update #1
If you have a written lease for the property, it will transfer to the new owners. Their options, if they want you to vacate the premises are to ask you to leave or offer to buy out your lease for cash. If you refuse, you have a legal right to continue the tenancy.
Return of security deposit is handled the same way by the new owners as it would be handled by the previous owners.
2007-05-31 07:09:57 · answer #1 · answered by acermill 7 · 1⤊ 0⤋
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2016-07-20 10:43:40 · answer #2 · answered by ? 3 · 0⤊ 0⤋
That is a dirty trick to pull and not informing you before you signed the agreement. They should have listed it as rent with option to by. The way the real estate market is going, they will be lucky to sale the house within six months.
Read your rental agreement, it should state that neither party can termination the agreement with a __ days notice. Where I live it is no less than thirty days if your rent is current.
Look at Terms #2 on the example below
2007-05-31 07:08:20 · answer #3 · answered by D S 4 · 0⤊ 0⤋
Rent To Own Homes : http://RentToOwnHome.uzaev.com/?xGkJ
2016-07-11 23:27:30 · answer #4 · answered by ? 3 · 0⤊ 0⤋
What does your lease contract say, and do you have it in writing?
2007-05-31 07:07:28 · answer #5 · answered by Robert S 6 · 0⤊ 0⤋