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Need renter info in the case of property being sold?
My dad lives in a duplex rental property and has so for many years. He's now retired and living on a fixed income. The owner has now decided to sell the house and one of the prospective buyers is a HUD landlord up the street. If he buys it I already know he will push my dad out and bring in HUD because they pay more although do not work. The lease has expired and is only oral which legally I think only is seen as 30 days in length at any point and time. This is in WV which seems to have some decent laws protecting renters but the lack of a written lease may be the biggest problem. The real estate agent told me that even if he had a written lease it would become void if the house is sold. Can someone tell me what I should do to protect my dad. I'm currently living in the house now since being laid off from trucking and considering renting the other side which has been empty for awhile.
2 Answers
- taismithLv 71 decade agoFavorite Answer
That real estate agent is wrong. Leases run with the land and not with the owner. So when the house is sold, the security deposit (with interest) is transferred to the new owner to keep hold of until the lease ends or until the new owner gives notice to break/end the lease. If the new owner comes in and wants to break the lease because he's either living in it or renovating, then he is required to give you 60 days notice (varies depending where you live) and pay you at least 2 months rent for breaking the lease. If the new owner is giving you notice because he has a new renter for the same or higher price, then that's illegal because you can't replace tenants just because you feel like it or because they're paying more.
Source(s): REALTOR® - Anonymous5 years ago
As lengthy because the retailers furnish become aware of while displaying the house, there may be quite now not so much you'll be able to do approximately it. The proprietor has the correct to promote the apartment at any time. Check your rent for extra knowledge.