I recently moved into an apartment in Troy, NY and I heard a rumor from other tenants that the landlord is looking to sell the building. In addition to the rumors, a Prudential representative showed up unannounced to do a walkthrough of my unit and the rest of the building.
I have only been living here for less than two months, and I start school very soon, so do not want to move.
What kind of rights, if any, do I have if the landlord does sell? Would my lease be void after the transaction goes through? Or would the lease automatically transfer to the new owner?
If the lease does terminate, do have any recourse? Am I entitled to any reasonable time period to locate a new place?
Any information regarding this would be much appreciated. Any references to a location where I can find this information would also be very helpful.
Thanks