Can Landlord terminate lease?

Hello all!

We moved into this home at the beginning of the month. Our Landlord has already called us telling us that she want's to sell her home. We signed a 1yr lease. Can she do this? And what can we get compensated for if we have to move after just moving in! Or her wanting to show the house, we are living in with all our belongings?

Anyone?

Thanks!

Why would you need to move? A lease survives a sale. It merely transfers to the new owner. You would just get a new LL under the same terms and conditions as the original lease. You would not need to sign a new lease. Only a foreclosure terminates a lease. Since the lease survives a sale intact, there is no restriction on the LL's ability to sell the property. You have nothing to worry about. You can stay until the lease ends.

As for the inconvenince of the showings, you may be worried about nothing. Many houses are on the market right now. Few are even being shown. The market is so bad and lenders aren't giving mortgages except to the rare excellent credit score. Not many people want to buy a tenant occupied house. The house across the street from me has been on the market for 2 months now. There hasn't been even one showing of it yet. You may have few inconveniences from this. Does your lease state that you will cooperate with showings to prosepctive new tenants or purchasers? My personal suggestion is that you do cooperate. A new owner will have to honor your lease. If the owner cannot sell it and it goes to foreclosure, the lease will not survive. If that happens, you would have no choice but to move.

It is common to be worried about showings in your house. Just keep the house reasonably clean and put your valuables away when the showings occur. Let the LL know that you need 24 hours prior notice before a showing so you can "get the house in shape". This will encourage her to give prior notice. Insist that the agent or owner always accompany buyers through the house. And ask that no lock box be placed on the property. Good luck.