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If I have a year residential lease, and 4 months into the lease the building is sold, can the new owner tear up the lease?I have a yearly residential lease and pay $ 700 a month rent. If the owner of my building sells the building with about 8 months remaining on my yearly lease, can the new owner tear up my current lease and offer a new lease at a higher monthly rent even though I have 8 months remaining on my yearly lease ? Attorney answers (1)
Reputation Level 6
Answered over 2 years ago.
General Practice Lawyer in Waterbury, CT.
No, your current lease runs with the actual property. Just because your landlord sold the business does not mean the new owner can evict you. He is required to recognize your lease as a matter of law.
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