If you are leasing a commercial property and your landlord sells the property with 5 year left on the lease.
1. Does the new owner (landlord) have the legal right to refuse a new lease to the current tenant?
2. Does the new owner (landlord) have the legal right to raise or dishonor the previous lease the rent?
I got a phone call from my landlord that the property I am leasing is up for sale.
What’s your knowledge with this?
1. Does the new owner (landlord) have the legal right to refuse a new lease to the current tenant?
2. Does the new owner (landlord) have the legal right to raise or dishonor the previous lease the rent?
I got a phone call from my landlord that the property I am leasing is up for sale.
What’s your knowledge with this?