Re: Can landlord sell? We have a lease! - Landlord Forum thread 247107

Re: Can landlord sell? We have a lease! by Patse (IL) on February 4, 2012 @09:19

no matter if short sale or foreclosure (which is probably coming) the new buyers could demand before closing that the property be vacant - be ready for a 30 day notice.

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Re: Can landlord sell? We have a lease! by Jake on February 4, 2012 @11:34	[ Reply ]

The tenant has 6 months left on his lease. The new buyer can demand a vacant property but the owner would have to provide and economic incentive for the tenant to leave. And, the tenant is at liberty to refuse it.

Re: Can landlord sell? We have a lease! by Kerstin (CA) on July 10, 2013 @18:00	[ Reply ]

That is just 100% incorrect. If there is a lease that extends past the sell date they can't require any such vacancy. When you buy a leased property you assume the lease with it, until that lease expires. That's pretty much property ownership 101.