My landlords are selling condo, but we are not sure once the unit is sold. Will our lease transfer to new owner
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My landlords are selling condo, but we are not sure once the unit is sold. Will our lease transfer to new owner
Our lease expires next year, June 1st.
Asked on July 26, 2019 under Real Estate Law, Massachusetts
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 4 years ago | Contributor
Yes, your lease will transfer to the new owners; they will buy the property "subject to" your lease. This means that they will have to honor it for the remaining term; you cannot be made to move out early.
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 4 years ago | Contributor
Yes, your lease will transfer to the new owners; they will buy the property "subject to" your lease. This means that they will have to honor it for the remaining term; you cannot be made to move out early.
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