candyman826 Posted July 15, 2006 Report Share Posted July 15, 2006 I live in pennsylvania, my credit is on the upswing, I was planning on buying a house in january-april 2007. my lease expires 12/31/06. I just found out my landlord is in a financial bind. they are selling the house. does anyone know what happens to my lease if it sells before my lease expires? it really sucks i have a 4 year old and a baby due in november, this is a hassle i don't need. any help is greatly appreciated Link to comment Share on other sites More sharing options...
ybrew Posted July 15, 2006 Report Share Posted July 15, 2006 It'll vary by state. In many states, I'd think the new buyer would have to buy your lease and allow you to stay until the lease ends. I'd call a lawyer and find out what your state laws are. If you're gonna be forced to move, best to find out sooner rather than at the last minute. Link to comment Share on other sites More sharing options...
melisadawn Posted July 15, 2006 Report Share Posted July 15, 2006 In Ohio when I was in a duplex the landlord sold. It was up to the new owner if he wanted us as tenents or not. But through the sale we occupied the duplex. Since he bought for a rental also we stayed. But we had to sign a new 1 year lease when new owner took over. Even though we had already been there 4 yrs. Also I would think that your lease is with present owner and if a new owner buys it that lease may be null and void. Link to comment Share on other sites More sharing options...
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