If I just brought an apartment complex do I have to keep the old tenants?
Full Question:
If I just brought an apartment complex do I have to keep the old tenants? Can I raise their rent?
04/05/2007 |
Category: Landlord Tenant |
State: North Carolina |
#2664
Answer:
Generally, if the lease is still in force, a new owner is obligated to honor the terms of the lease. However, the lease may contain a clause allowing the lease to be terminated or changed upon a transfer of ownership.
