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Landlord Sale Rental Unit
If your landlord voluntarily sells the rental unit that you live in, your legal rights as a tenant are not changed. Tenants who have a lease have the right to remain through the end of the lease under the same terms and conditions. The new landlord can end a periodic tenancy (for example, a month-to-month tenancy), but only after giving the tenant the required advance notice.
The sale of the building doesn’t change the rights of the tenants to have their security deposits refunded when they move.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Tenants Guide to Landlord’s Sale of the Rental Unit is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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