Both Buyer and Seller, California
Check your lease to see what the terms are. It could be that the lease will be transferred to the purchasing party and there will be nothing to worry about. If the property falls into receivership then the lease may be renogotiated depending on the receiver's decision and the asset disposal process. It is best not to withhold rent, if anything discuss the necessary repairs with the current landlord and if she is unwilling to make repairs you may wish to document the conditions (pictures work well), make the repairs and account for the expenses incurred. You can reduce your rent payment accordingly. I hope this helps, good luck and hang in there.