Lease Agreements
When a property is sold to a new owner, does the new owner have to honor existing rental/lease contracts?
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When a property is sold to a new owner, does the new owner…”
Re: Lease Agreements
Generally yes, unless the landlord, anticipating a sale at the time he entered into the lease, included a clause that the lease would terminate during its term if he conveyed the property.
Robert Sher
Wagshal and Sher
4824 Edgemoor Lane
Bethesda, MD 20814
Re: Lease Agreements
Generally yes, unless the landlord, anticipating a sale at the time he entered into the lease, included a clause that the lease would terminate during its term if he conveyed the property.
Robert Sher
Wagshal and Sher
4824 Edgemoor Lane
Bethesda, MD 20814