Landlord and Tenant Rights and Responsibilities
questions & answers
Question: If a current lease is in place, does a new owner have to honor the lease until it expires?
Answer: As a general rule, when a rental agreement exists between a tenant and a landlord, and the landlord sells the dwelling to a new owner, the new owner becomes responsible for fulfilling the terms of the rental agreement.
QUESTIONS
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If a current lease is in place, does a new owner have to honor the lease until it expires?
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