I rented an apartment 6 weeks ago. When I signed my lease the manager disclosed the building was for sale. I queried this extensively, however, I was told a buyer had not yet been found. After moving in, I discovered the sale was underway. A tenant's association had been formed and an agreement in principal was made between the buyer and TA. This agreement includes modernization of the building and other capital investments. Although rents will be preserved, I'm very concerned about the apartment turning into a construction zone. I work from home several days per week and noise is a serious concern. Since arriving, I've experienced cockroaches (improving, but still present) and noise above regulations (unresolved). I'm looking to amicably cancel my lease, but also hope I have just cause.
Landlord / Tenant Lawyer
The sale of the building doesn't cancel your lease but if the new owners plan to do renovations and the soon to be prior owner just wants to sell, you may be able to negotiate your way out of the lease. The new owner will likely want to choose their own tenants and do renovations without hassle so you may be doing them a favor.
I agree with Emilie. Go to the manager and politely explain your situation and the unresolved concerns. Generally, when tenants are amicable and reasonable, the building is happy to find a middle ground. If nothing else, you should be able to get the roaches and noise issues resolved to make your time in the building more pleasant.
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