2007-09-27 07:37:32 · 13 answers · asked by kelly m 1 in Business & Finance ➔ Renting & Real Estate
If you have a signed lease in effect, your lease still stands. If the new owner wants the home vacated, nego. with them for moving expenses.
2007-09-27 07:41:55 · answer #1 · answered by TONYA R 2 · 0⤊ 0⤋
If you live in a house that is now owned by someone else the new owner can do as he sees fit. If he bought it as an investment, you should be able to stay and begin paying the new owner rent. I hope he doesn't give you a big increase from what you were paying. If he bought the house because he wants to live in it, you should get not less than 30 days to move
2007-10-01 01:47:35 · answer #2 · answered by Classy Granny 7 · 0⤊ 0⤋
Same as with the old owner per your rental agreement. I assume yo do have a rental agreement.
If your rental agreement says that the sale of the house terminates your contract, then the new owner can tell you to move out or offer you a new contract with different amount of rent and so on, but if your rental agreement doesn't say this, you stay till the end of your contract and everything should be the same.
2007-09-27 14:44:55 · answer #3 · answered by Anonymous · 2⤊ 0⤋
Before they can evict you, they have to give you between a 15-30 day notice. Contact your state/city government to get details regarding renters rights.
2007-09-27 14:42:52 · answer #4 · answered by Gene and Allum 2 · 0⤊ 1⤋
Usually, the property is transfered "lease fee", which means the lease must be a consideration of the sale. If you are on a year's lease, you may be asked to leave at the end of the lease. Month-to-month, you may be asked to leave with 30 days' notice.
2007-09-27 15:47:40 · answer #5 · answered by Cheryl G 7 · 1⤊ 0⤋
It depends on what your rental contract says. Read that for some insight as to what your rights are. If you are now on a month-to-month lease, there should stillbe some stipulation about timing if the house is sold and you need to vacate.
2007-09-27 14:41:35 · answer #6 · answered by T 5 · 0⤊ 0⤋
If you have a lease, the new owner MUST honor it. You can stay put at least until your lease expires. Once your lease expires the new owner can normally put you out with 30 days notice.
2007-09-27 14:42:28 · answer #7 · answered by Bostonian In MO 7 · 1⤊ 0⤋
It should be all spelled out in your lease, provisions for a sale of the property, etc. Normally everything should remain the same until renewal.
2007-09-27 14:46:20 · answer #8 · answered by ~ Floridian`` 7 · 0⤊ 0⤋
the new owner has to honor your lease -- but that doens't mean they will. its in your best interest to follow the owner. even though "the law" is on your side excersing your right to the law comes with expensive lawyer fees. nobody in real estate follows the law because they recognize this. most evictions are illegal but people being evicted don't have money for attorneys.
my best advice is if you recieve walking papers then walk -- the fight isn't worth it.
2007-09-27 14:48:36 · answer #9 · answered by Anonymous · 0⤊ 1⤋
it varies, you should call your local tenants association, or read your lease(hope you have one)
most leases stay in place no mater what takes place in a sale unless its a foreclosure.
2007-09-27 15:19:56 · answer #10 · answered by jeanniep 5 · 0⤊ 0⤋