Does tenant's lease always transfer to new landlord / buyer ?
I am selling all my properties this summer and wondering if the new landlord is legally required to honor the terms of my lease or if the buyer can replace the lease with their own? I am thinking they can switch to their own lease... When I turned over my properties in Flint to a property management company, the PM had them all sign new leases. Properties are in Michigan, currently owned by me, a single-member LLC who really doesn't want to get sued after the sale. I am trying to retire peacefully.