I am living in an apartment building, and my landlord will not renew my lease until the last possible second, as he is trying to sell the building. From discussions with him, it seems he has a buyer who may be interested in a condo conversion. All of the units in the building are on the same lease schedule, and I think they are trying to time the sale so that the new owner can choose what to do with the leases. (Our leases will expire just as the new owner takes possession. He can choose to renew us or not.) My question is- Can I be refused a lease renewal by the new owner because of a condo conversion? Do my normal rights in case of a condo conversion (1 year notice, right of refusal) still apply if the building changes owners as my lease expires?
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Sale of Apt Building, Possible Condo Conversion. Tenant rights?
Friday, July 22, 2011 - 23:07 | Author: ewhite1986 | Comments (0)