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Manda Bradd, Other/Just Looking in Saginaw, MI

I am renting a duplex that is for sale. I have a 12month lease with the curent owner. If he sells the duplex

Asked by Manda Bradd, Saginaw, MI Wed Oct 29, 2008

what are my rights as far as the lease goes? Does the new owner have to honor my curent lease?

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Answers

5
Tenants have rights... the new owner will be forced to honor the terms of your Land Contract. Have you considered purchasing the duplex or another property?

If there is anything more I can do to help, contact me anytime.
Web Reference: http://MBShomes.com
0 votes Thank Flag Link Wed May 19, 2010
Hi Manda,

Yes they have to honor the lease.

All the best,
James Joseph
0 votes Thank Flag Link Wed Oct 29, 2008
Manda,

This website may contain more information

http://www.legislature.mi.gov/documents/Publications/tenantl…

Information was published by the State of Michigan.
Web Reference: http://mi-living.com
0 votes Thank Flag Link Wed Oct 29, 2008
Yes, the new owner has to honor your current lease. He/she cannot insist on negotiating a new lease. Once the lease expires, he may do whatever he wishes though.
Web Reference: http://miOaklandCounty.com
0 votes Thank Flag Link Wed Oct 29, 2008
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
Contact
Yes, your current owner will transfer your lease to the next owner and the contract you have will be valid unless the new owner wants to negotiate a new lease with you. You can find out more about your rights on different web sites if you search in google their are a few out there. Careful of the ones you have to pay for!

Call or email if need any further questions I'd be glad to help!
0 votes Thank Flag Link Wed Oct 29, 2008
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