Hi! I was wondering how to go about handeling this: I rent and I found out today because of a letter that came to my house, that the apartment will be going for sale at an auction in the next month. The owner has not said a word about any of this. I was just wondering if anyone knows how these situations usually turn out?

Hi melindas, you wouldn't happen to be in the UK would you? Apartments, per se, aren't normally sold in Canada, unless it is a condominium, and not at auction. The answer would probably be based on where you are located.

Tick

You continue to pay your rent to to the owner till the date of the sale. Since you said it was an apartment, most likely the new owners will want to rent it out also, since it will be an apartment unless they want to tear it down or turn it into something else like condo's.

Also depends on what type of auction, foreclosure, tax sale or just private seller trying to unload the property as to your rights after the sale.

I'm located in the USA Miami, FL

Its for foreclosure.
Thanks in advance :-)

Is this a condo apartment you rent directly from the owner or is it an apartment in a residential apartment building and is the whole building going up for auction.

Please provide all the info requested so we can help.

Its an apartment that I rent directly from the owner and the whole building is not going up for auction.

Then it's a condo or coop. In that case its considered a private residence. As Chuck said, until he doesn't own it anymore you still pay him rent. If the property is foreclosed you will have 90 days to vacate or you can sign a lease with the new owner.