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Does a new landlord have to honor my lease?

Navigation:  Home > Frequently Asked Questions > My landlord is selling. Does the new owner have to honor my lease?

 

Yup. The new landlord, as a purchaser of the rental property, must accept any contracts that go along with it. In essence, the new landlord is also purchasing the lease, and must abide by the terms of the lease so long as the lease terms exist, and cannot during that time raise the rent. However, once the lease ends, the landlord has every right to ask you to leave, or evict you from the premises, i.e. the new landlord has no obligation to renew the lease or offer the same terms once the lease has ended.

 

The opposite is also true, however. If a new landlord takes over, and you don't like him or her, you still must honor the lease.

 

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