|
|
Re: Rental for sale
by Anonymous
on January 8, 2017 @15:42
|
The specifics can vary state-by-state (you didn't specify your location), but generally the lease remains in effect, but transfers to the new property owner. All security deposits and other collected funds also transfer to the new owner.
Unless this is going to remain a rental property, quite often the buyer will want the property to be free of tenants before the sale takes place. It's common for the seller to give the tenant an incentive to leave early...a couple months rent, immediate refund of the security deposit, something along those lines.
|
[
Reply
]
[
Return to forum
]
|
|
|
Look-up
Associations
Attorneys
Businesses
Rentals Available
Rentals Wanted
Realty Brokers
Landlord Articles
Tips & Advice
Tenant Histories
Other Areas
Q&A Forum
Free Forms
Essential Forms
Landlord Tenant Law
Join Now
Credit Reports
About Us
Site Help
|