What happens if Landlord sells property before contract is over?

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What happens if Landlord sells property before contract is over?

Mark Andrews
Member since 2022 · 13 posts · 3 votes

If a Tenant signs a 1-year lease, can the Landlord sell the property 6 months later? If so, do the new owners have to honor the original lease agreement for the remaining 6 months? Thanks!

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  • Bill B.
    Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
    4y

    Yes and yes. 

    2Reply
  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    4y
    Quote from @Mark Andrews:

    If a Tenant signs a 1-year lease, can the Landlord sell the property 6 months later? If so, do the new owners have to honor the original lease agreement for the remaining 6 months? Thanks!


     Existing contracts transfer with the sale of the property.

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