Rental Basics in 85297>Question Details

New To Az, Other/Just Looking in 85297

I just signed a one year lease and moved in to a home two months ago. The landlord has advised me that he is planning to put the house up for sale.

Asked by New To Az, 85297 Wed Sep 23, 2009

He stated that he is trying to sell it as an investment property. I was wondering if the new owner has to honor the lease contract, or if we will have to move again and incur additional expenses. Any information would be appreciated. Thank you!

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4
BEST ANSWER
The seller should advertise it as renter with the lease to carry over!

I wonder if he or she may be in a foreclosure situation which completley changes the picture!

You may have to research to find out if its the case!

Feel free to contact me with any questions!

Lucinda Tkach
Windermere Central
lucindat@windermere.com
0 votes Thank Flag Link Thu Sep 24, 2009
Typically, the agreement carries on to the new owner. However, your lease document would be your best source for accurate information on this and other topics.

Good luck
The Eckler team
0 votes Thank Flag Link Thu Sep 24, 2009
Well.... he should honor your lease, however the big question is....What does your lease say?
0 votes Thank Flag Link Thu Sep 24, 2009
Mr.P, Other/Just Looking in Arizona
MVP'08
Yes, the new owner must honor your lease agreement.
0 votes Thank Flag Link Thu Sep 24, 2009
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