Full question:
We are the landlord of a house in a subdivision. We currently have a one-year lease signed with a tenant (the standard lease drafted by the St. Louis Realtors Association). We just found out the subdivision is submitting a proposal to a commercial investor for a buyout. If agreed upon, the buyout would require us to have our tenant move out in the middle of the lease term. What is the tenant's legal recourse if any?
- Category: Landlord Tenant
- Date:
- State: Missouri
Answer:
Review the lease agreement to understand the rights and obligations of both parties regarding lease termination. In Missouri, according to § 441.050, either party can terminate a yearly lease by providing written notice at least sixty days before the end of the lease term.
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