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Re: Lease terminate when property sold?

Posted by Fred Lappert on February 07, 1998 at 11:04:49:

In Reply to: Lease terminate when property sold? posted by Robert Knospe on February 01, 1998 at 17:03:49:

: Does a rental lease terminate automatically when the landlord sells the
: property to another person?

Usually not, but might depend on the lease or local law. New owners usually
acquire existing tenants and existing leases, but there might be lease
provisions allowing certain notice options. Landlords often tell tenants
they must move because they are selling the place. Don't buy that.

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