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Does our lease break if property is put up for sale?

Does our lease break if property is put up for sale?

Full question:

The landlord that we lease this townhouse from has put the townhouse up for sale. Does this break our lease as we are looking for another place to live just in case they sale this place. Will we still be responsible for the remainder of that lease?

Category: Landlord Tenant
Date: 04/07/2025
State: Missouri

Answer:

Unless the lease contains a provision for terminating the lease due to sale, you are obligated for the term of the lease. Typically, the new owner must continue the terms of the lease if they assume the lease in the sale.

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

What are some red flags in a lease agreement?

Red flags in a lease agreement include unclear terms, excessive fees, clauses that allow the landlord to enter the property without notice, and restrictions on subletting. Additionally, if the lease requires you to waive your rights or includes penalties for normal wear and tear, these should be viewed with caution. Always read the lease carefully and consider seeking legal advice if you notice any concerning terms.

What are red flags in a lease agreement?

Red flags in a lease agreement can include vague language, unclear maintenance responsibilities, and clauses that seem one-sided in favor of the landlord. Other warning signs are high penalties for breaking the lease, lack of clarity on security deposit return, and restrictions on guests. It's crucial to understand all terms before signing.

What to do if the landlord breaches the lease?

If your landlord breaches the lease, first document the issue and communicate with them in writing. You may request repairs or compliance based on your lease terms. If the problem persists, you can consider filing a complaint with local housing authorities or seeking legal advice. Depending on the severity, you may also explore options for lease termination or withholding rent until the issue is resolved.

Which of the following would be considered a red flag when reviewing a lease agreement?

A red flag when reviewing a lease agreement might include a clause that allows the landlord to change terms without notice, unclear terms regarding security deposits, or a lack of maintenance obligations for the landlord. Additionally, if the lease contains a non-refundable fee or requires you to pay for repairs that are typically the landlord's responsibility, these are also concerning.

Can you break an apartment lease if you buy a house?

Generally, buying a house does not automatically allow you to break your apartment lease. You remain responsible for the lease terms unless there is a specific clause allowing for termination upon purchasing a home. It's advisable to review your lease and consult with a legal professional to understand your options and any potential penalties for breaking the lease.

When the owner of a property sells it with an existing lease, the lease is?

When a property is sold with an existing lease, the lease typically remains in effect. The new owner is usually required to honor the terms of the lease, meaning you maintain your rights as a tenant. However, it's essential to review your lease for any specific clauses regarding property sales and consult a legal professional if you have concerns.