Landlord Selling Rental Property
When a landlord sells or is selling a rental property, it does not necessarily mean that a tenant is required to move out. In such instances, there are several conditions which determine the rights and responsibilities of the tenant and the landlord.
Tenant’s Lease Has Not Ended
If a tenant’s lease has not ended, a landlord may not terminate a lease agreement solely because they are selling or have sold the rental property. When a rental property is purchased, if there is a tenant living in the unit whose lease has not ended, the new owner must honor all the terms of conditions of the existing lease; meaning, they may not give the tenant notice to vacate, raise rent, or change the lease or rental agreement in any way until the tenant’s lease ends. See our Notice to Vacate, Rent Increase, Change Terms of Tenancy page for details on notices to tenants.
Tenant's Lease Has Ended
If a tenant’s lease has ended, a landlord and/or the new owner may give the tenant a 30-day notice to vacate, and it not required to provide a reason for doing so. See our Notice to Vacate, Rent Increase, Change Terms of Tenancy page for details on 30-day notices.