Full question:
IF THE MANAGEMENT CHANGES OWNERSHIP AND YOU WERE ORIGINALLY ON A MONTH TO MONTH LEASE CAN THE NEW OWNERS CHANGE THE CONDITIONS OF YOU LEASE AND MAKE IT A YEAR TO YEAR LEASE AND ALSO GO UPON YOUR RENT WITHOUT NOTIFYING YOU UNTIL YOU GO INTO PAY YOUR RENT? WE WERE IN THE PROCESSOR BUYING A HOUSE BUT DUE TO THE PROCESS PAPERWORK Was STILL BEING PROCESSED THEREFORE WE HAVE NO CHOICE BUT TO STAY BUT THEN WE WOULD BE LOCKED IN FOR A YEAR FORCING US TO STOP PROCESS OF BUYING A HOUSE.
- Category: Landlord Tenant
- Date:
- State: South Carolina
Answer:
If you are on a month to month lease, at the end of the month, a new lease is created in effect, so the obligations of the old lease may be changed. The following is a SC statute:
SECTION 27-35-50. Sale of real estate under lease.
When real estate is sold while under lease, the relationship of landlord and tenant is created ipso facto as between the purchaser and the tenant as if the purchaser had been the landlord in the first instance and the purchaser shall be entitled to all the benefits and rights under such lease as if he had been the lessor from the date of the purchase.
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.
