Im currently renting, and the owner sucks! He had to hire a new property management team, because the last one they terminated him because of breech of contract(basically for not fixing up things). So...............i just found out that the old contract (lease) has been transferred over but was brought out, meaning the lease is no good.
When new management took over, they said i may have to sign a new lease, but have not did it yet, im trying to move due to a drug house going on right next door to me, im in the process trying to get that handle, anyway.............i was told since the contract was brought out the lease is no good and therefore im not under a contract, IS THIS TRUE, AND SHOULD THE MANAGEMENT LET ME MOVE? AND IF THIS IS TRUE, WHAT CAN I DO IF HE TRIES TO MAKE UP SOMETHING THAT THIS IS NOT TRUE????Please respond with serious and honest responses.
2007-07-31 10:28:58 · 4 answers · asked by imthabomb98 3 in Business & Finance ➔ Renting & Real Estate
I'm not exactly sure what you mean by your 'lease being bought out", but generally speaking when management firms are changed, nothing changes with the lease. I suspect that 'being bought out' means that the new management firm simply acquired the existing leases of the former. This would not invalidate your lease in any fashion.
The new management firm probably wants a new lease from you so that it is in their name, which would facilitate accounting and legal issues for them.
It is quite legal to 'sell or transfer' a lease, as long as the new owner of the lease makes no attempts to change any of the criteria and responsibilities involved with the previous lease agreement.
I suggest that you give the new management firm an opportunity to rectify the problems in your living premises. If they are good at what they do, I would suspect that the 'drug house' will be gone soon as well.
2007-07-31 10:39:28 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
The Lawyer referral service has a arbitration board. The State attorney generals office will give you that number. BTW, In Ohio, the Lawyer can not "take himself off your case" a judge must do that. If the Lawyer is found to be negligent he can lose his/her license. Also get a fine. The Lawyer should refund the $9000. If in fact he never did any work for you. BTW, if you have a good case most Lawyers will take it for 1/3 of what you get, none up front. In a bad case Lawyers ask for hourly pay and up front money. If you have a good case you should have no problem getting a Lawyer to take it for 1/3 of what you get.
2016-05-19 01:32:45 · answer #2 · answered by delfina 3 · 0⤊ 0⤋
It depends on your lease. If the new owners bought the lease rights AND the lease allows that to occur, then they do not need to let you out of the lease. How much longer do you have on the lease, and what are the terms. You would need to review your lease.
2007-07-31 10:35:50 · answer #3 · answered by halestrm 6 · 0⤊ 0⤋
When income property is sold the beneficial interests in any sleases are usually transferred to the new owner. If that was not done you are then considered a tenant on a month to month rental.
2007-07-31 10:33:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋