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I signed a 1 yr lease with a property manager going into mo 3 word is LL is going to sell bldg alot of people are moving out I'm a worried?
Massachusetts Tenant Yes I Asked This Before But This Is The Third Time I Have Faced This Unpleasant Experience Though The Other Three Times I Was A Tenant At Will This Time I Have A Lease
7 Answers
- Anonymous1 year agoFavorite Answer
The lease goes with the property. You get a new landlord. They do not have to renew, but they also have to honor the current lease.
- sunshine_melLv 71 year ago
If you have a lease, that remains - it transfers to any new owner.
So even if the landlord sells the building, you don't have to leave until your lease is up (unless you agree to do so; not a requirement, and you can validly ask for moving costs etc if you do so)
- babyboomer1001Lv 71 year ago
Worried about what? If you think people buy working businesses/buildings to burn them down, you must be nuts. Most of them are buying a business. They will be buying the leases too - the ENTIRE businesses. Very few would evict everyone, completely renovate and start anew. It happens, but very rarely.
Source(s): Certified Paralegal, with 25+ years' experience & with Landlord & Tenant law experience. - How do you think about the answers? You can sign in to vote the answer.
- Anonymous1 year ago
Your lease remains valid. And no need to capitalize every word. It makes it hard to read.