what happens if my landlord sells the house i'm renting?
287001
If you're on a month-to-month lease, in most states, landlords are required to give a 30-day written notice to tenants to vacate if they decide to sell to a buyer or new landlord. ... Even if the house or apartment sells before your lease is up, the new owner has to respect that legally binding contract with the tenant.
67410
If you fall behind in making the property tax payments for your home, you might end up losing the place. The taxing authority could sell your home, perhaps through a foreclosure process, to satisfy the debt. Or the taxing authority might sell the tax lien that it holds, and the purchaser might be able to foreclose.
1422174
As a landlord, you aren't within your landlord rights in Ontario to evict a tenant to sell the property so long as the tenant has a valid lease. A buyer who wishes to purchase the property must respect the terms of the tenant's existing lease and take over as the new landlords.
37108
If, despite your best efforts, you cannot find an acceptable replacement, the departing tenant will be liable for the rent for the balance of the lease. Will pay for the appropriate share of damage to the rental unit. ... Has moved out for good and gives up any rights to the rental—including the right to move back in.
471458
If your landlord has fallen behind with their payments, their mortgage lender could take them to court to get possession of the property. This will usually give them permission to evict anyone who lives there. ... the landlord's lender has recognised your tenancy in some way, for example, by asking you to pay them rent.
1380018
If it goes under contract, walk away and find another property that has been on the market for awhile and offer your price. It's a buyer's market at the moment assuming you can secure finance. Agents generally lie so much they trip over themselves.
470634
If you move after getting an eviction notice Or you might move at any time during the eviction process, for example, after getting an eviction order from the Landlord and Tenant Board. If you move out, your landlord can keep, sell, or throw out anything you leave behind.
504836
How to sell a buy-to-let property with tenants. It may be more complicated to sell your buy-to-let property if it currently has tenants in it. However, it's still possible, and indeed is often preferred as you can continue to receive rental income while the property is on the market.
474072
Yes! You can sell your home at any time, as long as you can afford to. If you're redeeming your mortgage in full and not buying another property, you must make sure that the sale price is higher than the amount remaining on your mortgage loan.
889268
Your landlord's interest will be sold subject to any existing leases, which means that the buyer will inherit you as a tenant and become your new landlord. ... However, to do this your new landlord will still have to comply with the statutory procedure set out in the 1954 Act to obtain vacant possession.
997387
If the owner does not pay the tax, the property will be sealed and forfeited by the local tax authorities. Pls move out of the current situation to have a good life. He could lose the house to the bank or state, and the house could go to auction. The tenant would have to vacate the premises.
797867
What happens if a tenant continues to pay rent after a lease agreement expires? When a lease ends, a tenant may choose to move, continue to pay rent as a month-to-month tenant, or sign a new lease. ... If the tenant agrees to the new terms, the new lease governs the tenancy.
33625
If a landlord dies the tenancy does not end. It becomes part of the landlord's estate, just like the landlord's other assets and after Probate has been granted it then passes to the landlord's beneficiary/beneficiaries who will become the new landlords.
1329608
['You and tenant mutually agree in writing to end the agreement early on a specific date, or.', 'Tenant provides you with a Notice of intention to leave (Form 13) and you may agree on compensation (e.g. for loss of rent and reasonable re-letting costs), or.', "Approve the transfer of the tenant's interest in the property."]
656241
Some tenants may simply leave the place trashed. Or even worst, there is damage to the carpet, walls, appliances, etc. This leaves you scrambling to clean up the mess before you can list the property for rent. The only real upside is you get to keep the security deposit; assuming you secured a deposit upon move-in.
187641
If you end up selling the property to a buyer who isn't a landlord then the tenants must leave by the date agreed. If they refuse to do so, you will have to commence proceedings and apply to the court. This is long and costly and is something to be avoided, if at all possible.
1438837
You generally won't need to pay the tax when selling your main home. However, you will usually face a CGT bill when selling a buy-to-let property or second home. You may also need to pay CGT if your home is partly used as a business premises, or you lease out part of your property.