My Landlord sold the apartment complex we live in does new owner have to keep the lease? galveston texas?
Can they kick us out? And how long would they have to give us? The apartment complex is small only 12 units. A investment company is buying it. Old owner is asking us how long we would like to sign the lease for has to turn in all leases by friday.
Quick House Sale
Related articles:
- What happens to the tenents lease when an apartment complex is sold? About 8 months ago I signed a lease with company A. In their guide it talks about the ability to transfer apartment complexes with no penalty, although this was...
- If my aparment complex was sold to another company, can I get out of my Lease now legally? My Apartment complex was just sold to another company. Can I now break or gt out of my lease since I am no longer have a lease with this...
- My apartment complex was sold and is now under a new name. Can I get out of my lease with no penalties? The new company is awful. Our gates have been wide open for over week ( I feel unsafe), I put in a maintenance request over a week ago (no...
- My landlord is selling his apartment complex. Can the new landlord increase the rent? I live in New York and will be moving into a complex that is currently on the market. I am iffy about moving into this place because it is...
- My apartment is being sold.I have a yr lease.Can new owner raise rent or change policies(like allowing pets)? We signed a year lease, and have only been living here 2 months. Our landlord allows us to have 2 pets(We have a kitten and a large dog). Also,...
4 Responses to “My Landlord sold the apartment complex we live in does new owner have to keep the lease? galveston texas?”
Leave a Comment
You must be logged in to post a comment.
October 18th, 2009 at 7:11 am
It depends on the verbiage of the lease. If the lease is binding upon its successors, heirs or assigns, then the new owner must legally honor the lease.
October 19th, 2009 at 4:17 am
I am not familiar with Texas Tenancy law.
Having said that, it sounds like it would not be in the best interests of the new owners to just kick everyone out. Sign a new lease for no more than 2 years. There might be a possibility of this complex going Co-op, or Condo. If that happens, you might find yourself in a better position than you are today with the new owners. Do some asking around about the investment company who is buying the complex.
But at least sign the lease, and read and understand about eviction procedures in your state. You can’t be kicked out overnight, anyway. They have to give you ample time to find a new place. At least here in New Jersey, they do.
Good luck and let me know how you make out. I’m Italian and have friends in Texas…. :-p (j/k)
October 21st, 2009 at 4:07 am
Van het feit dat de oude eigenaar vraagt hoe lang van een huur u voor het sound' zou willen ondertekenen; s zoals de nieuwe eigenaar plant bij het houden van iedereen momenteel hurend als tenant' s. enerzijds zouden zij u kunnen moeten niet schoppen uit, als daar isn' t
October 23rd, 2009 at 3:19 pm
You need to get access to your Legal Rights and speak with an Attorney. If you help on this matter, please contact me as soon as possible. I can help, very quickly and affordable. Don’t waste time.