Full question:
If the landlord sells the property does that terminate the lease with the tenant?
- Category: Landlord Tenant
- Date:
- State: Tennessee
Answer:
To determine if a lease is terminated when a landlord sells a property, you should review the lease agreement. According to Tennessee law, specifically Tenn. Code Ann. § 66-28-305, a landlord who sells a property is generally relieved of liability under the rental agreement after providing written notice to the tenant about the sale. This includes transferring the security deposit to the new owner.
However, the lease itself remains in effect unless it specifically states otherwise. The tenant's rights and obligations continue under the existing lease agreement even after the property is sold, unless the lease is terminated for other reasons outlined in the agreement or by law.
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.