Money in the Bank | Money Maker | Make Money Online  

Go Back   Money in the Bank | Money Maker | Make Money Online > Conventional Investing and Money Making > Real Estate
Register Home Forums FAQ Members List Calendar Search Today's Posts Mark Forums Read

Real Estate Owning property is still the hottest and most publicized form of flipping and profiting from your own investments. Use this forum to discuss strategies in real estate and land development as well as assess the current housing and market situation.

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 09-09-2008, 05:10 PM
Meowmix79 Meowmix79 is offline
Junior Member
 
Join Date: Sep 2008
Posts: 1
Can I get out of my lease, if my landlord (owner) sell the property?

My landlord game me a notice today that they are putting the house that my apartment is in up for sale, I'm wondering if this is enough to get me out of my lease I signed, I'm 6 months into it and really hate my apartment. it's too small, there were sewage issues for the first 2 months, now I believe that there is a rodent issue, luckily i have a couple of cats so i'm not too worried, but it just gross, and it's in a not so nice neighbourhood.
__________________
Powered by Yahoo! Answers
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Sponsored Links
  #2 (permalink)  
Old 09-09-2008, 05:14 PM
reenzz reenzz is offline
Junior Member
 
Join Date: May 2008
Posts: 4
The sale of the landlords property has no bearing on your lease. Your lease will be assumable by the new owner.
__________________
Powered by Yahoo! Answers
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3 (permalink)  
Old 09-09-2008, 05:14 PM
Patrick Patrick is offline
Junior Member
 
Join Date: May 2008
Posts: 3
Only if there is a clause in your lease allowing the parties to void the lease upon sale. Some leases have it, some don't. Look at yours. Generally the law is that your lease follows through with the sale of the building. This is to prevent a new landlord from immediately raising rents on a new building he purchased. The lease stays in effect.

Good Luck!
__________________
Powered by Yahoo! Answers
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4 (permalink)  
Old 09-09-2008, 05:21 PM
Mrs HarleyBrat Mrs HarleyBrat is offline
Junior Member
 
Join Date: May 2008
Posts: 9
your stuck there until your lease is up - be sure to put in a 30 day notice to leave at 5 months so you can get out when the 6 month lease expires
__________________
Powered by Yahoo! Answers
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -3. The time now is 03:26 AM.



Search Engine Friendly URLs by vBSEO 3.0.0