If you are renting a home and it sells, does the new landlord have to present a new lease?

Do we need to sign a new lease or is the old one binding?

Asked on June 29, 2012 under Real Estate Law, New York

Answers:

david slater / david p.slater, esq.

Answered 8 years ago | Contributor

No, the new owner takes the property subject to your old lease.  But he may not have to renew unless there is a provision for  a mandatory renewal.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.