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Got some super bad news today. My landlord must sell this place, which means we'll be moving soon. Thanks to that bit of news, I also didnt get sleep today, so tonight at work is gonna suck.
Ah, well.
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Comments
Any hope????
Since it's a rental property, is there any chance that the new owner will rent to you?
Love, Andrea Lena
Well, D***
Sure hope things work out. Moving is certainly no fun.
Portia
Where I live they have to honor the lease.
Unless there's specific language in the lease that allows the landlord to escape the lease in the event of a sale, I believe they have to honor the lease agreement.
That said, I'm not a lawyer, and you might want to thoroughly read your lease and perhaps consult one.
It depends on the type of property & the area.
Which is not specified in Dorthy's post. (And I do not remember if it was mentioned previously.)
If it is a apartment complex even a small one that is one thing, but if it is a private home even divide into a couple of apartments that is a different story. In the second case it tends to negate the leases, particularly if the purchaser intends it for their own use. Although usually some sort of time frame to find a new place is worked out for the evicted tenant. It does depend on where you are however.
The area I am in is mostly a combination of converted private homes or purpose built* two and some three family homes, with the owner usually occupying the main apartment, while renting out the secondary one(s). It is not however uncommon for the secondary apartment(s) to be occupied by extended family. Some however do not have owners who live on the premises.
It really does depend on what area you are in though.
.
*note: The purpose built 2 & 3 family ones are slowly replacing all the converted ones and remaining singles over time.
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To Dorothy:
I hope things work out for you. Try not to stress to much over it.
Look at it this way, "New possibilities!"
*pixie dusts you for luck*
~Hypatia >i< ..:::
Flippers are cruel
I ran into this in Vancouver. People buy the building do a renovation. Get tenants in at a low rent. Sell it with tenants and the new owner thinks they can get more from a different renter and boom you're out the door.
I had to move out of the city to get away from that.
Dayna.
Rented for a very long time.
Sad having to put up with the poor service and attitude of renting companies. In the US the landlords are in the driver seat these days due to people not being able to afford or not wanting to own a house yet.
All they have to do is not renew your lease and you are out on your arse. So, a couple of years ago I finally had the money saved up(20% down), credit rating, income and low interest rate (3.25%/30yr) to finally buy a house and did so.
Of course now I have the burden of doing or ordering my own house repairs, maintain my own yard etc but so far the tax refund has covered both the repairs and the property insurance and cost of maintenance so that helps.
Dorothy,
Dorothy,
Normally, unless specified differently, a rental lease give you 30 days in which to vacate. The real problems are packing up and then finding another place to move to that may be close enough to you current rental fees to warrant moving there. I do wish you all the best and will send a few prayers your way for good things to happen. Remember, when a door closes, a window just may come open. Just because it might be a break in, doesn't mean it did not open. :) Hugs, Janice
Good luck with the move
Moves are tough. I did them regularly in the service, but each one was harder.
Good luck finding a place.
Gillian Cairns
Well...
Too bad your not in ocean city, md. Got a trailer 2 block from the beach sitting empty.
Renting
Don't know where you are, but in Tennessee there is the Landlord/Tenant Act of 1976 which gives renters protection against arbitrary eviction which this would seem to fall under. Not that landlords will tell you that, it is up to you to know your rights. If you live elsewhere, you might want to check to see if there is similar legislation where you are.
Canada, I believe. There,
Canada, I believe. There, it depends on the province, and even the municipality. As we don't know anything about it, it'd be up to her to say what her situation is, before any of us could even start to offer suggestions.
I'll get a life when it's proven and substantiated to be better than what I'm currently experiencing.
I am a landlord myself...
I'm a landlord myself, I've got house in Florida, a trailer and a condo in ocean city, MD. It all depends on how the lease is written. If she signed a 1 year lease, typically the new owner would have to honor it unless the lease says otherwise. Usually the renter has more rights than the landlord. Especially in Maryland and california. If there is a local housing authority or legal aid office, she should consult them.
housing
Don't forget to seeeif there are programs for home loans, the same agencies suggested above may be able to help in this too.
In current economy...
There is a good chance to find better apartment at cheaper rate (looked up "Canada apartment rent" on Google and there are some nice offers at under $400 per month...) So don't despair.
BTW, ask your friends and colleagues if they know of apartment for rent (I once lived for almost a year in the apartment that belonged to a friend basically for free - only paying bills like electric, water and broadband...)