Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
If you rent a house and live there for over 5 years and then the landlord wants sell house. Is the landlord required by law to give notice?
25 Answers
- DonaldLv 75 years ago
As reenzz says, if there's a lease, the new owner is required to honor it.
If there's no lease, it varies by city and state. For example, New York City requires 30 days' notice (to move).
You don't specifically have to be informed about the sale. But there are other things that go on. Again, with New York as an example, any security deposit must either (1) be returned to the tenant upon the sale, or (2) be transferred to the new owner--from whom you'd get back your deposit when you move.
So: If there's a lease, it must be honored. If there isn't a lease, either your state or city/county has minimum notice laws covering that situation.
- Nuff SedLv 75 years ago
No. As a general rule, the change of ownership has nothing to do with the tenants. People buy and sell investment properties all the time without the tenants having any clue, since they continue making rent payment to the same management company.
They only need to "give notice" if they are planning to terminate your tenancy for some reason. Just selling a house doesn't necessarily mean anyone wants it vacated. In fact, many buyers would prefer to have the same tenants stay, paying rent, rather than starting over with new ones.
- 5 years ago
The landlord is required by law to give you notice. He cannot make a person homeless that has been a tenant. If he tries to kick you out without notice contact your local Fair Housing, Landlord-Tenant Association Agency and any agency that deals with housing in your area, on a state or government level.
- loanmasteroneLv 75 years ago
Your landlord is not required to inform you he/she has decided to sell their property.
They might inform you that their real estate agent will be showing the proper to potential buyers and will be
coming by to look at their property.
Since you have been living there for 5 years, you are probably on a month to month tenancy. If t his is the case your landlord is required to give you notice that you would be required to move, based on the laws of your state.
This notice could be anywhere from 30 days to 90 days.
I hope this has been of some benefit to you, good, luck.
"FIGHT ON"
- How do you think about the answers? You can sign in to vote the answer.
- Anonymous5 years ago
Everything is stipulated in your lease, if you have a lease to a certain date then the new buyer should have to honor the lease. The landlord can request you to move out, but if you decline then they will have to either honor the lease or go another legal route that is available, if any. If the lease says that if the home is sold then you have to move out in X amount of days then you might be screwed. Obtain a copy of the lease if you don't have it already and read it.
- R PLv 75 years ago
If you have a fixed term lease, the new owner has to honor it until it expires.
If you are on a month to month rental agreement, the landlord only has to give you proper written notice to vacate per your state's laws.
- real estate guyLv 75 years ago
if there was an original lease, but expired, the notice clause is still valid. Otherwise, it's 30 days. It doesn't matter if you lived there 1 month or 5 years. Its the same.
- LILLLv 75 years ago
If you have a lease, the new owner must honor it. If you don't have a lease, the landlord has to give you a 15-60 day notice...the length of the notice depends on state law.
- Meme72Lv 45 years ago
Yes if you are not on a lease in my state it would be 20 days notice. Different states have different laws. But if you are on a lease then the new owner has to honor your existing lease.
- Anonymous5 years ago
No they are not required to give you any notice they are selling. They only have to give you notice if they want you to move out to sell.
If you have a lease who ever buys it is required to honor it.