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mcorzo
Jan 24, 2008, 12:17 PM
All and any help/advice/assistance is greately appreciated.

I live in Florida, I have signed a lease on a property for a one year period. But after only 2 months of living in this property the owner decided to SELL the property.

Here are my concern:
First of all no where in the lease contract that I signed says anything about the landlord being able to terminate the lease BEFORE its expiration date due to selling of the property. It ONLY states that landlord can terminate if tenants causes it for any misconduct or not paying rent etc...

I need to know what my rights as a tenant are and the landlord's.

Thanks

ScottGem
Jan 24, 2008, 12:30 PM
The lease will remain in force and the new owner will have to honor it. This is a standard of tenant law throughout the US. The lease is an encumbrance on the property.

Now the current or new owner might want to offer you a buyout. Or the new owner can decide not to remew the lease when it expires. But as long as you fulfill your end of the lease, whoever owns the property has to fulfill theirs.

LisaB4657
Jan 24, 2008, 12:48 PM
The landlord has the right to sell the property and the new owner has to honor your lease but they do not have to renew it at the end of the term. The landlord has to transfer your security deposit to the new owner.

If the new owner wants you to move out before the end of your lease then tell them that they can buy you out. A payment of 2 or 3 months rent plus moving expenses is not unreasonable.

ScottGem
Jan 24, 2008, 12:59 PM
Please don't keep repostng the same question. I've merged your posts so you now have both answers together.