My landlord sold the property and my lease is not up for another two months
Full Question:
Answer:
The sale of the property does not automatically end a lease. The owner has a right to sell the place at anytime--and the new owner usually takes it subject to the lease. A landlord is typically not excused from obligations under a lease when the property is sold unless the leases provides otherwise. All deposits paid to the original owner must be transferred to the new owner, who must put them in a trust or escrow account. The new owner must promptly notify tenants where the deposits are being held. When there is a change in landlords, the tenant must be notified immediately of any changes by certified mail or by an updated posting. If the person designated does not reside in the state where the premises are located, there shall also be designated a person who resides in the county who is authorized to act as an agent for the purposes of service of notices and process, and if no designation is made of a person to act as agent, then the person to whom rental payments are to be made shall be considered such agent.
