Could there be legal recourse if our tenant has to move out in the middle of the lease?
05/10/2007 - Landlord Tenant - State: MO #4398
We are the landlord of a house in a subdivision. We currently have a one-year lease signed with a tenant (the standard lease drafted by the St. Louis Realtors Association). We just found out the subdivision is submitting a proposal to a commercial investor for a buyout. If agreed upon, the buyout would require us to have our tenant move out in the middle of the lease term. What is the tenant's legal recourse if any?
You should carefully read the lease agreement to determine your rights and obligations (as well as your tenant's) in terminating the lease.
The applicable Missouri statutes are as follows:
441.050. Tenancy from year to year, how terminated. —
Either party may terminate a tenancy from year to year by giving notice, in writing, of his intention to terminate the same, not less than sixty days next before the end of the year.
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