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If I just brought an apartment complex do I have to keep the old tenants?

If I just brought an apartment complex do I have to keep the old tenants?

Full question:

If I just brought an apartment complex do I have to keep the old tenants? Can I raise their rent?

Category: Landlord Tenant
Date: 04/07/2025
State: North Carolina

Answer:

Generally, if the lease is still in force, a new owner is obligated to honor the terms of the lease. However, the lease may contain a clause allowing the lease to be terminated or changed upon a transfer of ownership.

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

Is there any reason to keep old leases?

Yes, keeping old leases is important as they outline the rights and obligations of both the landlord and tenant. These documents ensure that existing agreements are honored, including rental terms and conditions. Additionally, they can serve as legal proof of the tenancy and can help resolve disputes if they arise.

Do I legally have to give my old landlord my new address?

Can a new landlord collect old rent?

Do I need to keep old apartment leases?

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