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    SachNaranjo's Avatar
    SachNaranjo Posts: 1, Reputation: 1
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    #1

    May 6, 2009, 05:54 PM
    Rented house on 2nd yearly lease just listed for sale? What ?
    Me and my family have been renting our house almost now for 2 years this September. We have a yearly lease. Today we received a phone call from a realator asking if they could show the house to clients. Shocked, I proceeded to ask questions. I was told that the house was just put on the market today by Prudential. What does this mean? I just paid our landlord rent in person this past Sunday. She said nothing. Who owns the house? When did she lose it? Should I get my money back? What are my rights? What will happen next?
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
    Expert
    		  
    #2

    May 6, 2009, 07:15 PM
    A landlord is always allowed to sell his property. But if you have a written lease then the new owner has to honor it. The new owner becomes your landlord. You have to keep paying rent to your current landlord until you receive written notification that the property has been transferred. That notice should also tell you where to send the rent in the future. Your security deposit is supposed to be transferred from the old owner to the new owner.

    Once your lease ends the new owner does not have an obligation to renew it so you may have to look for a new place to live then.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    May 6, 2009, 07:21 PM

    Prudential has a real estate division so that could just be where the owner listed it.

    Have you called your landlord to find out what's going on?
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