Could there be legal recourse if our tenant has to move out in the middle of the lease?
Full Question:
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?
05/10/2007 |
Category: Landlord Tenant |
State: Missouri |
#4398
Answer:
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.
