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Some states have laws that preserve a lease (like, for a year, not month-to-onth) after a sale. There is a strong legal argument that if the buyer was aware of the lease at the time of the sale, he is bound by it. But, no, unless the lease says that he can't sell (and, I've never seen one that does), nothing prohibits the landlord from selling.

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Q: When you have a signed rental property lease and received a notice of auction for sale after leasing for two months is that fraudulent inducement from the landlord?
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