Quote:
Originally Posted by mattmy99
The lease agreement is betweent the tenant and the property owner. If party "A" no longer owns the property, there is no longer a contract/agreement. It has nothing to do with the new owner of the property. They're not involved in the agreement at all.
Well, at least that's how I understand it. Not that I've ever rented. Buying saves the hassle.
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No.
Ashby is right. Lease is in place (with defined end date) it is still in force until it expires, doesn't matter if the owner sells. If it is a rolling/periodic lease then the landlord/agent can give the required notice then the house is vacant for the new owner. Some occasions the owners might come to an agreement so that the tenants leave but thats individual cases & no law against it.