We have a lease and the landlord has put the house up for sale what are our rights?

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

We have a lease and the landlord has put the house up for sale what are our rights?

We have a lease until May of 2020 our landlord has decided to sell our house and it goes on the market on Monday. What are our rights? We have found a place we would like to try to purchase but cannot jump on it as we do not know our rights and tenant? Can the landlord just expect us to move out once our property sells? Do we have rights to find a new place to live now??

Asked on February 24, 2018 under Real Estate Law, Wisconsin

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 6 years ago | Contributor

Ok so this is a double edged sword. The sale of the property by the landlord does NOT terminate your lease.  The new owner buys it "subject to" the terms and conditions therein.  So you can stay until the end of your leasehold.  Now, the double edged swrod is this: YOU are also subject to the terms and conditions menaning you can not just leave, that would be a breach of the lease.  So here is what I would do: keep looking and trying to figure out how you can purchase the property that you want to buy but say nothing to your landlord.  When you find the property and everything is worked out (like yo have financing in place and it is a go for purchase) ask her if she wishes to terminate the lease so she can sell it vacant.  Then if she says says yes, do an agreement to terminate the lease and have you go on a month to month basis.  Then you have to give 30 days notice that you are leaving but you run the risk that the landlord can give you the same notice.  So be careful.  Good luck.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption