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. The lease generally may not be terminated solely upon the sale of the premises unless the lease so provides. Generally, when a new landlord enters, the lease is assigned to the new owner, and they are bound by the terms of the lease already in existence.
In some cases, a landlord may negotiate with the tenants for an early termination when the new owner doesn't wish the tenants to remain. The tenants will typically want to receive some form of compensation for the early termination.
I suggest you read the lease terms carefully to determine the rights and obligations of the tenants, as well as those of the landlord upon sale or transfer of the property. The answer will depend on all the circumstances involved, such as the reason for the transfer. For example, if it was foreclosed on due to a tax lien, it is possible for you to be evicted. Because a governmental body is involved, there may be legislation that applies to the transaction. We suggest you contact a local attorney who can review all the facts and documents involved.
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.
