if i make a lease agreement up to use a piece af property for 10 years and the people that own the property that i make the agreemeent up with sell the property does the new owner have to honer the agreement

    0  Views: 170 Answers: 4 Posted: 12 years ago

    4 Answers

    Yes, they may have to.  That's the reason why most landlords do not like for you to record your lease agreement.  It can stop a sale.  You may want to contact a real estate attorney to halt the sale long enough to get an understanding between the new owner and you (if you are concerned).  The original lease agreement should contain a clause that allows said lease to survive the sale, meaning the sale shall not automatically cancel any prior lease ageements.

    It is also noteworthy to know that in an apartment building whereby there are multiple tenants, and many tenants, throughout the years, have had verbal deals with the landlord.  For example, the landlord promises to repaint the inside of the apartment if the tenant remains as a tenant for 2 years.  Well, the building will be sold on the 23rd month.  What kind of recourse does the tenant have?  The law realizes that as well.  To protect the Buyer of the apartment building as well as the tenant, the Seller is required to go to each and every tenant in the building to have a document signed.  The document is called estoppel certificate.  This, in essence, asks the tenant if the existing agreement is the correct one and if there are any additional verbal agreements between the Seller and the tenant.  If the tenant signs the estoppel certificate, then it becomes binding after the sale with the new owner.  If not, the Seller will have rectify the situation before the sale closes.

    I am sorry it is so long.


    He bought a camp with an outhouse. The outhouse is not on the land he bought. He wants to lease the section of land the outhouse is on so he has access to it. I believe he made up the lease agreement himself. I think he left a lot uncovered. I do not think the new owners would have to honor that lease agreement.
    (He's added more to this in another thread).

    One more point to Robert...Make sure you check the date of lease expiration. If the sale occurs after the lease expires, you're a holdover tenant and probably are out of luck.

    These guys should keep the same thread going so we can follow logically.

    And you all know that I woulc not touch the subject of outhouse under any circumstance.

    My bad, Colleen. I didn't realize there's more crap to this, no pun intended.

    No, they do not.

    is a toilet  setting on a concreate tank pour water to flush

    just to make things a little clearer the person that has the property for sale is having his attourny make up this ageement . the owner of the camp witch i bought had a verbal agreement to put in a new outhouse on his land . if he would sell it to him but he sold it to me . thats were this lease agreement came about. in the mean time the owner of the outhouse has found a buyer but  he wants me to hurry and pay him the owner

    Top contributors in Uncategorized category

    Answers: 18061 / Questions: 154
    Karma: 1101K
    Answers: 47271 / Questions: 115
    Karma: 953K
    country bumpkin
    Answers: 11322 / Questions: 160
    Karma: 838K
    Answers: 2392 / Questions: 30
    Karma: 760K
    > Top contributors chart

    Unanswered Questions

    Jun88 - Jun88one
    Answers: 0 Views: 25 Rating: 0
    Answers: 0 Views: 16 Rating: 0
    Answers: 0 Views: 31 Rating: 0
    what is a waterdetector !
    Answers: 0 Views: 20 Rating: 0
    Answers: 0 Views: 17 Rating: 0
    > More questions...