From: trader4@optonline.net
Newsgroups: misc.consumers.house
Subject: Re: Is the new Landlord responsible for the terms of lease when s/he buys a leased property?
Date: 22 Jun 2006 19:17:10 -0700
   posting-account=vW3O0AwAAABxQqAj-ZYxYAKqrqLQW3tX


bigjim@backpacker.com wrote:
> Sometimes the tenant can be evicted if the unit will be for the new
> owner's use.  Why should a tenant have any rights?

The tenant has rights for the simple reason that they signed a contract
with the landlord.  Just like any other contract, both parties are
bound by that contract.   Neither one can just breech it.  Would it be
fair to the landlord if the tenant just walked in one day and said I'm
taking a new job in a new city next month, so the lease is over?  In
that situation, the landlord would be entitled to damages.  Likewise,
the landlord can't terminate the lease just because he decides he wants
to sell the place.



They signed a lease
> with the old owner. New owners should not be encumbered with a tenant.

BS.   The lease is a binding contract that goes with the property.   I
suppose you think the new owner should not be bound by an easement the
former property owner agreed to either.

Don't believe me, here read this:

Renting and The Law: Tenants' lease outlasts any sale of their building
Q My son and two partners bought a home. He lives there with three
renters who have a lease through Aug. 30. The partners want to sell
this spring. How does this affect the leasing agreement with the three
renters? With proper notice, can you shorten the lease?
Kelly Klein
Last update: January 21, 2006 - 1:07 PM
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jump
Q My son and two partners bought a home. He lives there with three
renters who have a lease through Aug. 30. The partners want to sell
this spring. How does this affect the leasing agreement with the three
renters? With proper notice, can you shorten the lease?
A A prospective buyer takes the property "subject" to the leases. This
means that if the house is sold during the tenants' lease term, the
tenants have the right to rent the house from the new owner until their
lease expires. The partners who own the house cannot shorten the
tenants' lease agreement just because they want to sell the house.


Or how about this:
http://www.ptla.org/ptlasite/cliented/tenants9.htm
Sale of Your Building

What happens if my landlord sells my building?

The sale of your building may affect your rights.

If you have a lease, you probably have the right to stay until the end
of your lease term. Read your lease to see if it says anything
different. If your lease term is for more than 2 years, you should
record your lease in your county Registry of Deeds before the sale, to
help protect your lease rights. This rule also applies if you have a
long term lease with no specific ending date.