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Real Estate Lawyers/Brokers
Posted on 6/5/14 at 7:46 pm
Posted on 6/5/14 at 7:46 pm
How does the law read if a landlord sells a property and you are in the middle of the lease the new owners must honor the lease? This is in Texas
Also, can a lease that you signed agreeing to possibly move out in 30 days, if new owners wish, be enforceable.
Also, can a lease that you signed agreeing to possibly move out in 30 days, if new owners wish, be enforceable.
6
Posted on 6/5/14 at 7:50 pm to Kolbysfan
I think the new owners have to honor the terms of the lease by law in most states.
Posted on 6/5/14 at 7:51 pm to Kolbysfan
What's in our heads isn't free, and it sure as hell isn't cheap.
Posted on 6/5/14 at 7:51 pm to Kolbysfan
Ask an attorney that is licensed in Texas.
Posted on 6/5/14 at 7:52 pm to genuineLSUtiger
The information I have found googling suggests that.
At one time I used the magic 8-ball to make my life decisions. Now I turn to the OT!!
At one time I used the magic 8-ball to make my life decisions. Now I turn to the OT!!
Posted on 6/5/14 at 7:52 pm to genuineLSUtiger
quote:
I think the new owners have to honor the terms of the lease by law in most states.
Read the lease. Should be a clause for early termination or sale of property.
Posted on 6/5/14 at 7:53 pm to SabiDojo
quote:
What's in our heads isn't free, and it sure as hell isn't cheap.
Posted on 6/5/14 at 7:53 pm to Kolbysfan
(no message)
This post was edited on 6/5/14 at 7:56 pm
Posted on 6/5/14 at 7:53 pm to GetmorewithLes
clause...
17 Right to sell the property
Landlord keeps the right to list property for sale at any time during this lease. Tenant must allow property to be shown after 24 hour notice has been given to tenants by Landlord or its agents. If property is sold Tenant will receive a letter informing him/ her of the sale. New property owner will have an option to continue leasing the property and current lease will stay in effect or he/she may choose to terminate this lease agreement by sending current tenant 30 day notice by us mail. Tenant will be given first option to buy if landlord decides to sell the property.
17 Right to sell the property
Landlord keeps the right to list property for sale at any time during this lease. Tenant must allow property to be shown after 24 hour notice has been given to tenants by Landlord or its agents. If property is sold Tenant will receive a letter informing him/ her of the sale. New property owner will have an option to continue leasing the property and current lease will stay in effect or he/she may choose to terminate this lease agreement by sending current tenant 30 day notice by us mail. Tenant will be given first option to buy if landlord decides to sell the property.
Posted on 6/5/14 at 7:54 pm to Kolbysfan
quote:
The information I have found googling suggests that.
It could still be contracted around. Depends on what you signed.
Posted on 6/5/14 at 7:54 pm to Kolbysfan
It's all right there for you in plain english.
If the new owner serves you 30 days notice you have to GTFO.
If the new owner serves you 30 days notice you have to GTFO.
Posted on 6/5/14 at 7:54 pm to NEWBIE
Thanks for the not so free, not so cheap info.. 
Posted on 6/5/14 at 7:55 pm to Kolbysfan
Leased property is owned as a "leased fee" estate, which mean it is encumbered by some agreement (lease) which much be honored.
if you signed a lease saying upon property transfer new owners can ask you to vacate in 30 days then you must vacate.
quote:
Also, can a lease that you signed agreeing to possibly move out in 30 days, if new owners wish, be enforceable.
if you signed a lease saying upon property transfer new owners can ask you to vacate in 30 days then you must vacate.
Posted on 6/5/14 at 7:55 pm to Kolbysfan
quote:
New property owner will have an option to continue leasing the property and current lease will stay in effect or he/she may choose to terminate this lease agreement by sending current tenant 30 day notice by us mail.
Welp there you go. It's what you agreed to.
Posted on 6/5/14 at 7:56 pm to stout
Yes stout, my question about that plain english statement would be is that legal/administrable/ enforceable.
Posted on 6/5/14 at 7:57 pm to Kolbysfan
Thanks I will ask for that to be amended.
Posted on 6/5/14 at 7:58 pm to Kolbysfan
yes it is
Posted on 6/5/14 at 7:58 pm to Kolbysfan
It is. The law sets baseline or minimums or gap fills when there's something missing. It's clearly there and you agreed to it.
Posted on 6/5/14 at 7:58 pm to Kolbysfan
If you signed then yes it is enforceable.
You can sign a contract for anything and get a court to enforce it as long is it isn't a contract agreeing to an illegal action.
You can sign a contract for anything and get a court to enforce it as long is it isn't a contract agreeing to an illegal action.
Posted on 6/5/14 at 7:59 pm to BayouBandit24
I haven't signed it yet. He has modified several other areas which we asked.
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