What if my landlord sells the place..?

[Downtown]

Once that lease is signed, binding for the term (whether sold or not).
Would sign now, to make sure no one changes mind at last minute.
After term of lease expires, LL under no obligation to renew or can increase rent to whatever. So if this is 1 year lease and building sold, doubt you will get this sweet deal again. 1 year at $400, nice present.