For Rent in 11221>Question Details

Liz, Renter in 11206

Im going to view an apartment that's up for rent but just saw online that the house is up for sale/resale. Is that safe to rent?

Asked by Liz, 11206 Mon Dec 9, 2013

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5
Maybe.

First, make sure that it's legitimately for rent. Some scammers will find properties for sale, then construct a fake "for rent" listing. They'll use the same photos that are in the legitimate for sale listing. Then they'll list the property at a very attractive price. They'll collect a deposit plus first month's (and maybe last month's) rent...and then disappear.

If it really is available for both rent and for sale--and some are--try to find out whether the owner plans to accept whichever comes first. For example, if you rent, does the owner plan on withdrawing the for sale listing?

A lease carries on despite the sale of a property (unless the lease contains some specific language saying that the lease is terminated upon sale). So usually a tenant is OK if he/she is renting and the property is then sold. The lease runs until its expiration, and becomes the responsibility of the new owner. However, when the initial lease expires, the new owner can decide not to offer you a new lease, or to offer you one well above the price you were paying.

Hopefully, you're using a Realtor. Run these questions past him/her and find out the specifics for the property you're interested in.

Hope that helps.
1 vote Thank Flag Link Mon Dec 9, 2013
I think its always best to go with a licensed real estate agent to ensure everything is legitimate.
Flag Wed Jan 15, 2014
its listed by owner for rent and im suppose to go see apartment wendsday. should I still be worried of any scams
Flag Mon Dec 9, 2013
Don Tepper, Real Estate Pro in Fairfax, VA
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Be sure you're working with a reputable real estate agent / broker so that you can run these types of questions through them and they can check out the rental. A lease does supersede a sale though, so if you do end up renting the property and everything is on the up and up, your lease is still maintained even if the unit is sold. Hope this helps!
0 votes Thank Flag Link Mon Dec 9, 2013
a lease will supersede a sale. If you sign a one year lease, you are guaranteed to remain in the house for that year unless the owner or new owner offers to buy you out of your lease. That is something you do not have to accept if it is not in your best interest. Be sure to get a full year Lease if not longer, not a month to month.
0 votes Thank Flag Link Mon Dec 9, 2013
Are you working with a licensed agent, and if so what does he/she suggest; if not, you could contact the listing agent and ask if the property is listed for both, sale/rent. Sometimes sellers do list a property for sale and rent at the same time in order to have an option. Keep in mind that when searching for apartments scams do exist; for scam related information see link below. http://www.ftc.gov/opa/2009/05/rentalscam.shtm‎
0 votes Thank Flag Link Mon Dec 9, 2013
The house is not up for sale. Yes safe to rent.
0 votes Thank Flag Link Mon Dec 9, 2013
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