If you signed a fixed term lease that does not come to term until 8/31/11and the landlord did not make you sign an addendum with a sale clause (language that says the landlord can give you 30 - 60 day notice to vacate the apartment), then you are entitled to stay in the unit then. Now, if you would like to help the landlord sell his unit by terminating the lease early, the amount of compensation to do so is up for negoaiton. In this case, you are entitled to whatever arrangement the both of you settle on. Keep in mind if your requests are too unreasonable, the landlord might just realize that it is not worth selling the unit you leave and then any compensation that might have come your way will be lost.
best of luck.
If you dont cooperate he will sell anyway and you would have to be out in August anyway. so either wy you will be moving.
Best of luck
Ask for financial assistance to seek another apartment. At least the cost of the realtor fee. It won't hurt but it won't be guaranteed. But you don't have to go anywhere until your current lease is up.
1. You don't have to allow the landlord to break the lease.
2. You can try to negotiate terms that are acceptable to you. Hopefully, you can reach terms that benefit both you and the landlord.
3. The landlord can sell his property without breaking the lease with you. The next owner has to honor the lease. The next owner might want to negotiate with you to break the lease.
It is more difficult for the landlord to sell if you are renting a unit in a small multifamily or single occupancy property. You have some leverage with your landlord.
Best of luck.
Your Real Estate Geek,