If I just signed a lease and moved in and now the house is being sold, will I have to move?

Full question:

I JUST MOVED INTO A HOME AND SIGNED 1 YEAR LEASE AFTER 3 WEEKS I RECIEVED A PHONE CALL TELLING ME THE OWNER IS GOING TO SALE THE HOUSE . DO I HAVE TO MOVE?

Answer:

I cannot give an answer without knowledge of the terms of the lease agreement, but suggest you read the lease agreement carefully to determine how much notice is required to be given before termination of the lease. Generally, a written lease with a term of at least one year without an expiration date requires a notice of termination of one to three months.

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

Once you sign a lease, you generally cannot change your mind without facing potential penalties. If you want to back out, you may need to negotiate with your landlord or find a replacement tenant, depending on your lease terms.