Re: apartment being sold

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Well... what you were told means NOTHING. The written agreement
governs.

Apparently, you do not understand what happens when one property
owner sells to another.

Read your lease. It would be highy unusual for the sale of the
building to automatically terminate a lease. Often times in
situations like this, the contract contains language that if the
owner sells, the new owner has all the right and obligations of
the old owner: Thus, an ***assignment*** of the old owner's
rights to the new owner.

READ YOUR LEASE!

On 7/21/06, Kirsten wrote:
> On 7/19/06, sharwinston wrote:
>> Read your lease. Look for a section that discusses
>> "Assignments." It is common for a lease to provide that the
>> Lessor may assign his/her rights in the event the property is
>> sold.
>>
>> What do you mean it "breaks the lease?" What on earth are you
>> talking about?
>>
>> On 7/19/06, Kirsten wrote:
>>> Our apartment is being sold and we have 11 months left on
>>> our 24 month lease. Since this breaks the lease with our
>>> old landlord are we obligated to fulfill the remaining 11
>>> months or can we give a 30 day notice to move to our new
>>> landlord. And then who has to return our security
>>> deposit? Can the old landlord sell our lease? Are we
>>> obligated to comply with it if it was sold? We live in
>>> Ohio.
>
> I mean that we will have no contract with the previous owner
> when the building is sold. There are no assignments in the
> lease. There is no language in the lease about transfer of
> property. I was told by the housing authority that his
> selling "breaks the lease" --their language, not mine.