Posted by New York Tenant on March 01, 2001 at 11:32:08:
In Reply to: Landlord selling house-we have a lease HELP posted by Naomi on March 01, 2001 at 10:31:40:
The new owner has to honor your existing lease, but the current owner can insert a clause (in the lease you're about to sign) that requires you to move if the house is sold.
Furthermore, most leases give the owner the right to show the premises to prospective owners and to prospective tenants. While many leases limit showing the premises to prospective tenants to the last three months or six months of the lease, there probably is no such limit on showing the premises to prospective owners. Therefore, you may be subject to having your privacy invaded and your life disturbed for the entire term of your lease.
: We live in Upstate NY, rent a private house and are about to sign a 1 year lease with our landlord. He wants to put the house on the market to "test the waters", he wants an obscene amount for the place and even he doesn't think he will get what he wants. he will only have it on the market for 2 months he says but he is giving us the 1 year lease while listing the house.
: A. Does the buyer if it sells have to honor the lease until the end?
: B. Can the landlord legally put a clause in the lease that says if it sells we have _____ days to get out?
: I can not find this info anywhere on line--but them I am trying to find it while caring for my three toddlers....can anyone help??
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