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    dani16's Avatar
    dani16 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jun 4, 2012, 09:10 AM
    How to cancel a lease when you sold your condo
    Hello,

    I just got an offer on my condo, and the people who made the offer, do not want the lease that I have for two month periods. They will be moving in the condo full time fro Europe. It is a condo on the river in a resort in Florida.

    The sale will be in June 2012, and my two months lease is for January and February 2013.

    I call the agency that rented it from me, and told me that the tenants do now want to terminate the lease, even do, we find them a relocation and we advise them 7 months prior the beginning of the lease. They told me they want some money $$$ to be compensate. I told them compensate for what ? We found them a very nice location, about 200 feet away, same resort... bla bla

    What should I do?

    Let me know

    Dani
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #2

    Jun 4, 2012, 09:37 AM
    Quote Originally Posted by dani16 View Post
    hello,

    I just got an offer on my condo, and the people who made the offer, do not want the lease that I have for two month periods. They will be moving in the condo full time fro Europe. It is a condo on the river in a resort in Florida.

    The sale will be in June 2012, and my two months lease is for January and February 2013.

    I call the agency that rented it from me, and told me that the tenants do now want to terminate the lease, even do, we find them a relocation and we advise them 7 months prior the beginning of the lease. They told me they want some money $$$ to be compensate. I told them compensate for what ? we found them a very nice location, about 200 feet away, same resort.... bla bla

    What should I do?

    Let me know

    Dani
    You can't legally canel a lease someone else has on the property. And the new owners are legally bound to honor the lease for its duration.

    If you want someone to leave early before the lease ends... then you are going to have to give them what they want. Or expect to be sued when you break the law.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #3

    Jun 4, 2012, 09:40 AM
    Quote Originally Posted by dani16 View Post
    ...
    They told me they want some money $$$ to be compensate. I told them compensate for what ? ...
    For their property - their interest in the remaining two months of the lease. That lease is their property and you cannot take it from them unless they agree (or breach the lease). Thus they can ask whatever they want for it.

    There is another alternative, I guess. See if the buyers would be willing to stay in another location (at your expense) until the lease is up.

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