It depends how your list was written, because every contract is different, but you could easily have the right to continue your lease until it expires, provided that you continue to perform your side of the contract (pay on time, etc).
Additionally there are rent control rules that govern even month to month leases. under a recent resolution the City Council of Los Angeles voted to include all single family residences under rent control rules, if they are foreclosed by a bank... many cities across the country are doing this...
If you do not have the resources to consult with an attorney, call your City's Department of Housing, they should be able to guide you or do a web-search for your local "Legal Aid" and they should be able to provide you with guidance.
You have rights, and you should make sure you understand them so you know they are being respected.
Best of luck!
Ron Escobar, MBA
Broker & General Contractor
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
The lease remains in effect.
One variation: The lease might contain a provision saying that if the property is sold, then the lease is terminated. That's rare, but it can happen. So in that case, the lease provision regarding termination is valid.
And that issue can be negotiated. Even in the case of a valid lease, the owner can offer to "buy out" the remaining term of the lease. If the tenant agrees to the terms, then the lease can end.
Hope that helps.
Yes, unless specified and agreed upon during the sale in escrow. However, it is determined by the nature of the lease and local rent control laws or not so I would ask an attorney. I can refer you to one if you like. Just send me and email or feel free to call or text me.
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