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:
- State: North Carolina
Answer:
Generally, as the new owner, you must honor existing leases. If the lease is still active, you cannot change its terms, including rent, unless the lease specifically allows for modifications upon a change 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.