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What should you do if im under a lease and you still pay rent in a building that's in foreclosure but your landlord sells the building?
Wiki User
∙ 14y ago
Until the sale actually happens, the rent goes to the landlord. At some point, somebody will show up and claim to be the new owner. You might go to the registry of deeds and ask who owns the building, just to make sure.
Wiki User
∙ 14y ago
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Landlord says house in foreclosure I want to break lease and move Can I?
The foreclosure sale will function to terminate the lease. However, until the foreclosure sale takes place, the owner is still the owner, and the lease remains in effect.
Is a landlord exempt from giving 30-days notice stated in the lease agreement to a tenant if the property is about to be sold at foreclosure?
No. If the property is about to be foreclosed, the landlord has no obligation to give the tenant any notice of anything. After the foreclosure, the landlord will have nothing to do with the tenant.
Can my landlord ask me to sign a lease if his house is in foreclosure?
Yes, he can ask you to do all kinds of things, its up to you to refuse to do so.
Does a landlord have to tell you the state of property meaning if it going into foreclosure at the time of signing the lease?
No. Who knows if the foreclosure will actually happen? Besides, the federal Protection of Tenants in Foreclosure Act give the tenants at least 90 days to get out, after the foreclosure sale.
Your landlord wants to evict you because the elevator did not pass inspection What can you do?
If you are on a lease, your landlord must fix the elevator for the remainder of the term of your lease. If he does not, you should contact a tenant's rights group or landlord-tenant law attorney in your area for advice on your particular situation. If you are not on a lease, or your lease has expired, your landlord can ask you to leave for any reason, provided he gives you written notice according to your state's law. If he does not want to fix the elevator, he may decide not to rent your unit, and ask you to leave. If you like the building, you might ask the landlord if you can move into one of the units in the building that does not use the elevator.
In a commercial lease if the tenant changes locks does the tenant give a key to the landlord?
Yes. The building belongs to the landlord and needs the key in case of an emergency, or if a tenant abandons the property. Also, you should probably check with the landlord prior to changing locks. There might be a clause in the lease stating that only the landlord can change a lock, not the tenant.
What are my rights should the landord wish to break lease?
As a tenant, if the landlord wishes to break their own lease, you have the right to seek damages just as they would if you had broken your lease. The usual outcome for a landlord to break a lease is that the landlord forfeits any right to retain the security deposit.
What is a lessor and lessee?
A lessor is someone who grants a lease of something to someone. For example, in a commercial building lease scenario, the lessor is the landlord (building owner), and the tenant will be known as the lessee.
Who pays for a lease - landlord or tenant?
If there are any costs associated with drafting and signing the lease the landlord should pay. That would be part of the costs of having rental property.If there are any costs associated with drafting and signing the lease the landlord should pay. That would be part of the costs of having rental property.If there are any costs associated with drafting and signing the lease the landlord should pay. That would be part of the costs of having rental property.If there are any costs associated with drafting and signing the lease the landlord should pay. That would be part of the costs of having rental property.
Who can renew a lease?
A tenant if that right is granted in the lease to the tenant or is a tenant's right because of a law. Normally a landlord can't renew a lease except for specific reasons -- one is called a "holdover". That's where the tenant should have moved out because the lease is over, but doesn't. In that case the lease may grant the landlord the right to consider the lease "renewed" for a period of time. As to a law, there are some places where if you have an oral lease for a year and you as the landlord fail to notify the tenant within a certain time period before the end of the lease that the landlord won't renew, it may be too late and the tenant can "automatically" renew if it wants. There are also leases called "proprietary" leases, which are leases between a building cooperative corporation and the people who own shares in the building corporation and have the exclusive right to a cooperative apartment in the building; it is something that "renews" constantly unless the shareholder breaks the lease or sells the shares.
Who do renters make a lease agreement with?
Renters make a lease agreement with a landlord.
What are the benefits of getting an office space lease?
If you get an office space lease, you are not locked into purchasing a building. If in the near future you decide that you will need a larger office, you are able to move depending on the duration of the lease you have signed. You will also not be liable for any external building repairs if you are leasing the building from a landlord.
