Tenant’s Rights When The Landlord Sells The Property

Are you living on rent? So you must know some laws and be aware of tenant rights. Sometimes, you end up in a situation where your landlord wants to sell your rented house. There are some tenant’s rights when the landlord sells the property, rights and obligations under the lease agreement, and how the sale of premises will affect them. Therefore, you must be informed of your rights and responsibilities, especially during this process.

What Happens When the Property Is Sold?

If a landlord decides to sell the property, the lease you have in place will always stand, and as such, your respective undertakings are not changed. Taking up the position of the landlord is the new owner of the building, and he has to respect the terms of your lease, price of rent and duration of the lease. If you are on a month-to-month lease agreement, you can generally remain in the house until the lease term is up. However, if you signed a monthly lease agreement, the new owner may be able to change the contract terms, including increasing rent or even evicting you. Still, they have to follow the legal procedure provided by the law.

How Much Time Do You Have to Move Out?

If the landlord decides to sell the property, the time for vacating the premises depends on the lease agreement and the jurisdiction. If placed on a fixed-term lease, you can remain in the house for the agreed period without risking early eviction. The new owner must terminate month-to-month leases correctly in writing, usually as soon as 30 to 60 days, depending on the area. Understanding your local tenant’s rights when the landlord sells the property is vital so you have much time to look for a new home.

 Protecting Your Security Deposit During a Property Sale

Tenants’ other issues arise when a landlord sells property based on the tenant’s security deposit. The security deposit is your money, and you have the right to receive it back when you leave the property of the rented house as desired by the lease agreements. Generally, the new owner must address your security deposit issues when selling a property.

To ensure that your security deposit is protected during the sale, it’s essential to keep a few things in mind:

• Document the Property’s Condition: During the sale, ensure you take clear and concise images of the property to show its state. This is useful if the new owner comes up with stories that you damaged something you did not.
• Request a Written Confirmation: Write to your current landlord requesting them to provide a written statement or confirmation that your security deposit will be transferred to the new owner. This can also afford you an extra layer of security.
• Please communicate with the New Owner: As soon as you do that, approach the new owner and greet them, asking if they got the security deposit from the previous owner.

When the tenancy is over, it will be possible to ensure the security deposit is secured and the money will be received.

What to Do if You Face Eviction After the Sale

Review the Eviction Notice Carefully: 

• The notice should have the rightful and formal notice period, depending on the country’s legislation.
• Look at the eviction notice and see if the reason for eviction is well stated.

Understand Your Rights: 

• Get familiar with the laws in your state to understand your rights as a tenant, including eviction, notice period and relocation.
• This should also involve assessing whether the eviction is legal, for instance, if a new owner needs to live on the premises or undertake massive alterations to the space.

Seek Legal Advice: 

• Referring to a tenant rights attorney to check whether the eviction notice is legally sound is helpful.
• Get legal advice and sometimes consider a defence to the eviction, not by law.

Negotiate with the New Owner: 

• Approach and talk with the new property owner and ask for an extension to leave the house or compensation for relocation expenses.
• Talk about retaining occupancy under a new lease arrangement in the property.

Prepare for Relocation: 

• If you have an eviction notice, you should prepare to move out immediately.
• Obtain new accommodation and, if applicable, organise transport or any other moving services.

Document Everything: 

• Record all the communications made to the new owner and any legal paperwork that resulted in the eviction.
• It is always important to document the state of the property you are renting so that you can fight for your security deposit in case something goes wrong.

Consider Legal Action if Necessary: 

• If you think the eviction is illegal, consider seeking the support of the law to air your stand.
• If you have reasons to believe that the eviction infringes on the tenant’s protection laws, you should report the matter to the local authorities.

Know Your Rights When Your Landlord Sells the Property

You must establish the tenant’s rights when the landlord sells the property to avoid confusion and alert the sale. Whether you are signing your lease, aware of your move-out date, protecting yourself and your security deposit, or facing eviction, knowledge is power.

To speak with a lawyer for help with a property sale issue or to defend your rights, turn to the Law Office of Shawn R. Kassman. Our proficient lawyers know how to handle disputes affecting tenants and landlords to protect your rights. We understand that you may face many aspects of a lease, such as a lease agreement, eviction, or security deposit, and we are willing to assist you. Visit CentralIslipLawyer. Contact us today to book an appointment to speak to one of our representatives and learn more about how we can help you.