If my landlord sells the complex that I live in, can the new landlord still hold me to the 60 termination notice since the lease I signed was not with them?
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If my landlord sells the complex that I live in, can the new landlord still hold me to the 60 termination notice since the lease I signed was not with them?
About 3-6 months into my lease the apartment complex changed ownership. Our lease says we need to give 60 days notice if we don’t plan to renew our lease. Since the new landlord isn’t on my lease can still hold me to this 60 day notice?
Asked on April 24, 2012 under Real Estate Law, Illinois
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Yes, they can. In general. a landlord assumes the leases that are in place upon the purchase of the property and steps in to the shoes of the old landlord. The lease probably states that in it. Lets say that the shoe were on the other foot and they bought the place and gave you notice to vacate even though you had a valid lease in place? The law would not permit them to ignore the document. It will not permit you either. Good luck.
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