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Does recording a lease protect a tenant if the building is turned over to new ownership?

Does recording a lease protect a tenant if the building is turned over to new ownership?

Full question:

Does recording a lease protect a tenant if the building is turned over to new ownership. We have a two year lease and would to know if building is sold does new owner have right to boot us out before end of lease. Also, the contract of sale will not indicate that the new owner will have to honor balance of lease.

Category: Landlord Tenant
Date: 04/07/2025
State: Colorado

Answer:

Please see the information at the following link:

http://ohmyapt.apartmentratings.com/landlord-sold-building.html

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.

FAQs

What happens if a leased property is sold to another owner during the lease term?

If a leased property is sold during the lease term, the new owner generally must honor the existing lease. This means the tenant can remain in the property under the same terms until the lease expires. However, it’s important to review the lease agreement and local laws, as specific conditions may apply.

Does a lease transfer ownership?

What is the best excuse to break the lease?

What are the rights of a rightfully holding over tenant against a new tenant?

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Can I break my lease if the property is being sold?

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