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Real Estate
Reply to "If you are a tenant and the landlord sold the house..."
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[quote=Anonymous]We knew the landlord was in the process of selling the house and we were already planning on moving out of the house at the end of May. The person buying the house just randomly stopped by to say hello and ask a few questions about the neighborhood. During that conversation, he let me know that they were closing on the house at the end of April and that as part of the agreement, we (the tenants) would not have to pay for May's rent. That was great news to us, but then got me thinking about several things: 1) The current landlord has not told us anything about the closing date, nor May's rent. 2) What will become of my current lease? If there are new owners (as of May), is the lease null and void? 3) When we moved in, we gave the current owner a security deposit. When should I get that back and from whom? I may be thinking negatively, but I am thinking that the current landlord will assume that I don't know anything about this agreement (because how would I?) and expect us to pay May's rent like we normally do, keep it and stay quiet about it. If we don't, then he may just keep our security deposit. Anyone ever experience something like this? What would you do? [/quote]
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