Leasehold: Questions & Answers

1. Can a Landlord Evict Me to Sell the Property?

The landlord, or any at all, can evict you to sell his property if and only if there is a provision in the lease agreement to so do. So the provision must be captured in black and white: that is, itt must be written down. Oral agreement wouldn't work here.

Just like leasehold scandal, there was a matter in the US - this time it was the foreclosure spike of 2008. Federal law sort to protect renters from losing their leases.

2. Can the New Owner Evict Me or Raise My Rent?

A new owner comes into the picture of the existing lease agreement between you and the old owner. He can not evict you. He can if there is a legal ground to. Also, the new owner can not raise rent in the middle of the month. The new landlord is obligated to follow, not alter without sufficient, legal reason, the terms of the agreement

3. What If the New Owner Did Not Know about the Lease?

It is not the tenant's problem. The new owner must deal with the previous owner in such matters. The tenant lease agreement with the former owner did not automatically end as a result of the sale. Legally, the new owner is expected to step into the shoes of the former. Assume rights and responsibilities of the former. Take from where the other stopped. It will amount to a sort of leasehold scandal in broad daylight if the new owner effects that.

4. Should I Contact a Lawyer?

If you have a lease and the original or new landlord is attempting to evict you or raise rent, accessing the advice of a landlord-tenant lawyer is critical.

A real estate lawyer will talk sense into the matter. In the event that you need to sue, you would've done all the right stuff leading to a decision to sue.