Does our lease break if property is put up for sale?
Full Question:
The landlord that we lease this townhouse from has put the townhouse up for sale. Does this break our lease as we are looking for another place to live just in case they sale this place. Will we still be responsible for the remainder of that lease?
08/25/2007 |
Category: Landlord Tenant |
State: Missouri |
#8212
Answer:
Unless the lease contains a provision for terminating the lease due to sale, you are obligated for the term of the lease. Typically, the new owner must continue the terms of the lease if they assume the lease in the sale.
