Lease Agreements
When a property is sold to a new owner, does the new owner have to honor existing rental/lease contracts?
Asked on 10/27/03, 4:01 pm
1 Answer from Attorneys
Robert Sher
Wagshal and Sher
Re: Lease Agreements
Generally yes, unless the landlord, anticipating a sale at the time he entered into the lease, included a clause that the lease would terminate during its term if he conveyed the property.
Answered on 10/28/03, 10:16 am
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