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

    Nov 26, 2007, 12:01 PM
    Rental property put on the market
    I have been renting a house in Georgia. My landlord decided that she wanted to sell the property. What are my rights while the property is on the market? Can she keep my security deposit even though I left before the lease was up?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Nov 26, 2007, 12:58 PM
    Hello l:

    Your rights don't change. Only your landlord is going to change. If you leave before your lease is up, not only will he keep your deposit, he'll sue you for the balance of your lease.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Nov 26, 2007, 02:19 PM
    When a property is sold with an inforce lease that lease is binding on the new owner. Therefore, as far as you are concerned the only thing that materially changes is where you pay your rent.

    However, if you leave before the lease expires then you are breaking the lease.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #4

    Nov 26, 2007, 04:30 PM
    You can't just leave, and if you do leave before your lease is up, you will be charged the rent till it is rented again, and most likey they will keep the deposit.

    Your lease stays good even if they sell the house, the new owner will have to honor it. Now the current owner may want to buy the lease out, to make the house easier to sell. In that case they would offer you money to end the lease and go to a month to month rental.
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