Raymond C. Estes's Answers

I have a yearly residential lease, If my landlord sells my building, can the new owner tear up my lease and raise my rent ?

Typically not. When a landlord sells an apartment building, he typically will assign the existing leases to the new owner. That new owner will purchase the proerty subject to the existing leases and generally must honor them. If the buyer is obtaining financing to for the purchase, his lender will have underwritten the anticipated income from the building based on the rents derived from the existing leases, including yours. Assuming this is a written lease which satisfies the statutue of...