Ive been told by my landlord that he is selling the house I rent. He is wanting us to move out upon this. We have no notice as to when this takes place. We are half way through a one year lease we both signed. The lease does not say anything about him selling. We are great tenants. And we live in Wisconsin. Is this legal. Does him saying that is selling the house terminate our lease? He thinks that he can do this apparently?
Please help the house goes on the market in two days?
Thank you
Stephanie

He cannot terminate the lease in this way I do not believe, you should discuss this issue with an attorney.

Helo stehanie:

Relax. The new owner is bound by your lease. Tell you landlord to get himself up to date on the law.

excon

As usual, excon is entirely correct. The landlord cannot break your lease merely because he is selling the property. The new owner must honor the lease.

However, you can reach an agreement with the landlord. Tell him he can buy out the balance of your lease. Start looking for a new place to live and tell him to pay you a month or two of rent plus your moving expenses.

Quote:

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Originally Posted by schroeders95

Ive been told by my landlord that he is selling the house i rent. he is wanting us to move out upon this. we have no notice as to when this takes place. we are half way through a one year lease we both signed. the lease does not say anything about him selling. we are great tenants. and we live in wisconsin. is this legal. does him saying that is selling the house terminate our lease? he thinks that he can do this apparently?
please help the house goes on the market in two days?
thank you
stephanie

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Thank you guys for you help. I'm waiting for my attorney to call me back.

Take Lisa's advice. It would appear your landlord is trying to sell the house as an owner occupied dwelling rather than a rental. So it wants to assure any buyers, that they will be able to take possession on sale. Unfortunately for him, you have a signed lease that he probably can't break (I would go over the lease with a fine tooth comb to make sure you aren't violating anything or that it doesn't give him the ability to terminate if he wants to sell).

But, if you insist on staying, he can make life miserable for you and you WILL have to move when the lease is up. So your best bet is to negotiate a buyout. Start with 2 months rent and moving expenses.