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-   -   Property sold; can I get out of my lease? (https://www.askmehelpdesk.com/showthread.php?t=132362)

  • Sep 22, 2007, 06:36 AM
    monica54321
    Property sold; can I get out of my lease?
    I am 2.5 years into my 5 year commercial lease in Louisiana and my landlord has sold the property.
    Can I get out of my old lease?
  • Sep 22, 2007, 06:39 AM
    ScottGem
    No. When a property is sold any outstanding leases remain in force.

    However, the new landlord might be interested in letting you out of the lease or allowing a buyout. So talk to them.
  • Sep 22, 2007, 08:28 AM
    ballengerb1
    If there was a foreclosure by the bank the lease would likely be void. However, in a straight sale the lease survives. You as a tenant were a selling point to the new buyer, they need tenants to survive. Why do you want/need to get out?

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