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    meg78's Avatar
    meg78 Posts: 1, Reputation: 1
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    #1

    Sep 27, 2010, 09:29 PM
    We rent a house and we found out there going to sell the property what's our rights
    We are renting a property in south australia, we found out that the owners are going to sell it, we are locked into a fixed 6 month lease, what are our rights
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #2

    Sep 30, 2010, 02:34 PM
    I'm sorry you haven't received an answer in 3 days. You need help with AU tenant law specifically, and can probably get a quick answer for free from a local attorney. Hopefully the owners mean they plan to put it on the market, not sell it out from under you? Do you have the full 6 months left?
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #3

    Sep 30, 2010, 05:47 PM

    Not sure if this applies in Australia too but in the USA the lease remains valid until its normal end. The new owner can give you a 30 day notice a month before the lease ends saying he will not renew and you must move. Otherwise you have 6 months to sit right where you are, unless this is a bank foreclosure
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Sep 30, 2010, 05:52 PM

    AU law is based on British common law same as the US. So I would suspect its similar. A lease is a contract. A sale of property does not affect an existing lease. The new owners will have to honor the lease, but are not required to renew it.
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