Re: If property is sold, must new owner honor lease?

Re: If property is sold, must new owner honor lease? by Katiekate (New York) on January 21, 2015 @14:16

Yes it is the law

But, since it is a year away...I would seriously consider not having a tenant under a lease more than month-to-month. Many buyers do not want a tenant in place. Most buyers want the option to get the place empty. Why cut yourself off from the market? Buyer can always decide to write a lease with them.

I myself have bought rentals with a year lease in place..I would not do it again

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Re: If property is sold, must new owner honor lease? by Anonymous on January 21, 2015 @15:19	[ Reply ]

Thanks so much, Katiekate!

Re: If property is sold, must new owner honor lease? - Landlord Forum thread 330185