My friend signed a 1 year lease with her tenats, and she is not getting a divorce and has to sell the house. How does she or can she under the law terminate the contract early?
2007-06-07 05:33:21 · 6 answers · asked by ck_abella 1 in Business & Finance ➔ Renting & Real Estate
She cannot terminate the lease without the agreement of the tenants, as long as the tenant upholds their part of the contract. She can ASK them if they would consider early termination, and she can offer to buy out the remainder of the lease with cash. If the tenants refuse both requests, the lease contract automatically goes to the new owners of the property and remains valid until its expiry date.
2007-06-07 05:37:48 · answer #1 · answered by acermill 7 · 1⤊ 0⤋
She can sell the house along with the rental contract ....the new owners would be obligated to honor the contract or not depending upon the terms of agreement. When a property changes hands ...it's really up to the new owner.
2007-06-07 05:36:51 · answer #2 · answered by ? 6 · 0⤊ 0⤋
She will have to honor the lease, at the end of the lease she can put the house up for sale and split the equity with her ex at the time of sale.
2007-06-07 05:37:31 · answer #3 · answered by EGOman 5 · 0⤊ 0⤋
she cant get out of it. she could communicate to the tenants and attempt to be certain this peacefully yet i doubt it is going to take place. the ingredient is whilst they sell their assets the hire would be transferred to the recent proprietor till it fairly is null and void. the superb ingredient could be to grant some form of reimbursement to interrupt the hire if attainable, possibly supply to pay their moving expenditures. the tenants have the 12 months hire to guard their very own pastime. tell ur chum whilst she lists the situation that she has tenants occupying it so the agent make the attainable sellers conscious and that they might attempt to be certain this. yet possibilities are high the hire is powerful and that they dont could go away till their 12 months is up.
2016-11-07 20:40:55 · answer #4 · answered by hinajosa 4 · 0⤊ 0⤋
Depending on the state ...... this case she could break lease.
She should go talk to tenants and let them know the situation she is in.
2007-06-07 06:02:48 · answer #5 · answered by Mustbe 6 · 0⤊ 0⤋
To know all about divorce and what to be done and what not to be done, you can go to this blog
http://usa-legalcare.blogspot.com/2007/06/divorce-issues-click-here-for-instant.html
2007-06-11 01:18:44 · answer #6 · answered by ikkidifenix83 2 · 0⤊ 0⤋