If my apartment building was just sold to a new owner, can the new owner kick me out?
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If my apartment building was just sold to a new owner, can the new owner kick me out?
I’ve lived in the building (9 units) with my fiance for 4 years and never had a problem. The owner just sold the building and I would like to know if the new owners have the right to make us leave? We just signed a lease for the old owner but I don’t know if that carries over when the property is sold.
Asked on May 14, 2011 under Real Estate Law, New York
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
The lease that you currently have in place is a contract that the successor landlord (i.e. new owner) is obligated under law to honor. In fact, one of the documents that is transferred by the old owner to the new owner upon transfer of title to the property is an" assignment of lease". This means that the new landlord is standing in the shoes of the old landlord and is bound by the terms of any existing leases. It is the terms of the lease that controls when you must move out. As long as you are not in breach, you have no worries.
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