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| Landlord vs Tenant Issues Landlord and tenant issues, including rent, leases, non-payment, eviction, holdovers, summary proceedings, etc. |
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Apr 9th, 2007, 04:00 PM
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#1 |
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New Landlord, Same Lease?
Hi,
I am looking to purchase a duplex in which one side is occupied and the other is not. The current tenants have a lease which does not expire until 12/07, however I would like to lease out both sides to my son who is in college with three roommates starting 7/07. If the current owner sells me the house, am I obligated by law to maintain the original lease, or can I terminate it early without tenant approval? If not, is it illegal to raise the rate of the rent to a high amount, given a reasonable amount of notice (30 days?) to achieve the same goal? Thanks |
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Apr 10th, 2007, 11:03 PM
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#2 |
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Re: New Landlord, Same Lease?
Normally you do take the property subject to the existing leases and the lease terms.
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