What happens if your landlord transfers ownership to someone else?

Question

This is taking place in MA and my landlord is losing the property I rent in a divorce. What happens to our lease if we have not been notified formally? Can I break the lease legally without any recourse? I have to move at the end of the lease and I wasn't planning too and I have found some places I would like to live in that are for rent now. thanks for any info.

Answer 1

Leases almost always survive a transfer of ownership disallowing you, or the new owner, to break the lease. You can ask the landlord for permission to break the lease but keep in mind that if you do, you automatically are giving up your security deposit. Chances are the new owner would just assume you staying put (now and in the future) as you are providing income to an investment property.

Answer 2

Laws vary by state but usually the new owner can do whatever they want ( evict , raise rates etc )
But as this is a divorce it may take a long time to clear the courts .
How much time do you have left on your lease ?
Usually , as long as the current owner holds title , your lease is legal and if you move early , they can demand payment for the remaining months .

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Answer 3

Depends on the terms of the agreement in the transfer of ownership. All leases could be held in current state, or all leases could be terminated upon closing and sale. You should ask the current owner

Answer 4

unless notified in writing by either the new owner or the court, your lease remains in effect until the end....no you can't break it because of the new owner.

if you need to break your lease, read it and see if there is an "out" clause..many of them have this.
you can also try talking to the new landlord...but your chances are slim...she is depending on your revenue.

good luck

Answer 5

Lease transfers to new owner...but ask to leave,he may want to re-model and raise rent ,so he'll let you go...