Another aspect is if the landlord does sell the property you are renting, you should ensure that in your lease it states the landlord must honor the entire duration of your lease and/or the prospective buyer will honor your lease terms so that way you are not forced to move perhaps 2 months into your lease!
If the landlord or property manager decides to remove the property off the market during the duration of your lease, you should make sure to clarify and specify if there is an opportunity to renew your lease upon expiration, or determine if s/he will re-list the property for sale. That way, you can ensure whether or not you have the option to stay in a longer time frame then the prefixed lease period of 12 months, 6 months, etc. If you are not given the option to renew your lease because the landlord wants to re-list the property, again try to make sure you are aware when appointments are made by prospective buyers and the selling agent, and try to make sure they can accommodate your schedule as to not disturb you at unreasonable times during the evening hours or early morning.
Hope this helps you! Good luck!
Point Pleasant Beach, NJ
I would ask if they plan to still try to sell it, or if they just need the cashflow. If they would be happy to take it off the market for your lease, that might be great. It would be even better if you had the rights to purchase first, if they decided to sell.
We never recommend lease to buy or rent to purchase agreements. The main reason is we have never seen one close. The renters just never accrue enough to buy it. ( others may have seen different results )