Legal Question in Real Estate Law in New Jersey
Lease
Hello,
I have a tenant in my second floor apartment of my two family house. If I decide to sell my house, the tenant has signed a lease, does the lease become null and void and will the tenant have the right to move out? If so what does the state law allow me to do about it?
Thank you
Asked on 1/30/02, 4:18 pm
1 Answer from Attorneys
Bruce Gudin
Ehrlich, Petriello, Gudin & Plaza Esqs.
Re: Lease
The purchaser assumes your position as landlord, and may terminate the lease as provided by either NJSA 2A:18-61.1 or 18-53, depending on whether the buyer pessonally occupies the premises. You may be able to terminate the lease before the sale as well if the buyer seeks to personally occupy the premises. Use a knowledgeable attorney and proceed cautiously.
Answered on 1/31/02, 9:26 am
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