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With a Rent-to-Own lease- can the landlord at the end of the lease decide not to sell?
Wiki User
∙ 14y ago
Normally there is no such thing as Rent to Own of a dwelling. Usually it's rent with option to buy. The amount of money paid in rent may or may not count toward the costs of ownership. This all depends on the term of the lease. The Landlord has the right to decide not to sell the property at any time during or after the lease period.
Wiki User
∙ 14y ago
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What is expected if a landlord sells home and asks tenants to leave 3 months before lease ends?
In most states the landlord has to honor the terms of the lease until that lease ends, even if he plans to sell property.
What to do when a landlord is selling the house you are renting?
In some states, the lease survives the sale; in others, it does not. Regardless, the landlord certainly has the right to sell.
If your landlord owns the rental property that you live in and and wants to sell it what are your rights?
If the landlord wants to sell the rental property, the tenant has different rights depending on what state the property is in. Usually, a landlord has to give 60 days notice for an intent to sell. Then, it is up to the landlord whether or not the property can be occupied by the tenant until the sale date. If there is a lease, the landlord usually cannot sell the property until the lease is up, but all states have different rules regarding occupancy.
Can landlord sell house that is being rented?
No. A lease is a legally binding contract that runs with a property, regardless of who owns the property. Unless there was a provision in the lease that specifically gave the landlord the right to break the lease upon sale of the property, you can compel the landlord and the new owner of the property to honor your lease. If you find that either the previous or new owner of the property is refusing to honor your lease, contact a landlord-tenant law attorney. A listing is available in your local phone book.
Can our landlord force us out before our lease is up if they sell the condo?
Review your lease to find the answer you want.Otherwise, you may be able to negotiate your continued tenancy with the new owner.
What happens if your landlord wants to break the lease agreement to sell the house you rent?
I'm no lawyer but... In some locations there are laws that provide a landlord the ability to terminate a lease due to sale. It probably has to be an "arm's length" sale, e.g not to his wife or brother.
Do you have to give your landlord notice when you're having a garage sell?
This depends on the terms of your lease, if you have one, and the type of dwelling you're living in. In most detached homes it shouldn't be necessary to tell your landlord unless it's otherwise specifically stated on the lease.
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?
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.
What are the benefits of ground?
Ground leases offer many advantages to the landlord. A ground lease will usually involve construction or improvements that will be profitable to the landlord. Since the landlord maintains ownership of the land, the landlord can sell the land for a much higher value or pass on the appreciated value of the land to his heirs. There is also a positive advantage of ground lease for tenants. A ground lease allows the tenant ready use of the land avoiding blocking of huge money in a large land purchase. Leasing the land will facilitate the tenant to use funds for more productive expenses.
What is a ground rent lease and what are the benefits of it?
Ground leases offer many advantages to the landlord. A ground lease will usually involve construction or improvements that will be profitable to the landlord. Since the landlord maintains ownership of the land, the landlord can sell the land for a much higher value or pass on the appreciated value of the land to his heirs. There is also a positive advantage of ground lease for tenants. A ground lease allows the tenant ready use of the land avoiding blocking of huge money in a large land purchase. Leasing the land will facilitate the tenant to use funds for more productive expenses.
Can a landlord evict you just to sell the property your mobile home is on. We have paid lot rent on the property for over 9 years after purchasing the mobile home unit from landlord.?
Given proper notice, a landlord can evict you for whatever reason. He could opt not to renew your lease if you have one, or otherwise terminate your residency with proper notice.
Can you Sell a house under a lease?
The owner can sell a house under a lease, but the buyer must either honor the terms of the lease or make an offer to get the tenant to break the lease.
