Full question:
I have been renting Farm Land from an Landlord for 5 years, and have an agreement in writing that was dated Oct. 5, 2009. That said, I could rent property for 2010 crop year. With the rental amount going to the owner. On April 1,2010 the Farm Land was purchased by Washtenaw County, in the state of Michigan. Do they have to honor lease? I'm having problem's with them would like another view. THANK YOU.
- Category: Landlord Tenant
- Subcategory: Lease Termination
- Date:
- State: Michigan
Answer:
A lease is a contract between the landlord and tenant. Generally, a lease remains in effect even if the property is sold, unless the lease specifically states otherwise. When a new owner takes over, they typically inherit the existing lease and must follow its terms.
In some cases, a new landlord may negotiate an early termination of the lease if they do not want the tenants to stay. However, tenants often expect some form of compensation for agreeing to leave early.
It's important to review your lease carefully to understand your rights and obligations, especially regarding property sales. The circumstances surrounding the sale, such as if it was due to a tax lien, can also affect your situation. Since a government entity is involved, there may be specific laws that apply. It is advisable to consult with a local attorney who can examine your documents and provide tailored advice.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.