Full question:
I currently live in a residence owned by my mother. She accepted an offer in writing to sell the property. She changed her mind about selling it,but the buyer is now suing her for breach of contract. Is she legally bound to sell now? Will a judge make her sell it? Also I am getting ready to renew my lease. If she is forced to sell it, do the new owners have to comply with the lease, including the monthly rent amount?
- Category: Contracts
- Subcategory: Recission
- Date:
- State: Texas
Answer:
Generally, a new landlord is bound to honor the terms of a lease when the property is sold, unless the lease provides otherwise. In cases where money is inadequate to compensate the aggrieved party, the court may award specific performance to force the breaching party to fulfill the terms of the contract.
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.
