WORLD Law Direct Forums  





Go Back   WORLD Law Direct Forums > Real Estate & Property Law > Landlord vs Tenant Issues
REGISTER FAQ SEARCH Today's Posts Mark Forums Read
Personal Lawyer Legal Forms Calendar

Landlord vs Tenant Issues Landlord and tenant issues, including rent, leases, non-payment, eviction, holdovers, summary proceedings, etc.

tenant rights with new owner

Consult Your Own Personal Lawyer Now!
Reply
AddThis Feed Button
 
Thread Tools Search this Thread Rate Thread Display Modes
Old Jan 14th, 2008, 07:43 PM     #1
Unregistered
 
Unregistered's Avatar
 
Posts: n/a

Default tenant rights with new owner

I am in the process of buying a duplex. both halves are currently rented out. once i close on it, i want to move into one side. the contract for that tenant doesnt end until june, though. Is there a law that says with a new owner, the contract is broke? what i want to know is when i can move in, if i have to wait till that tenant's current contract is up or if i, as the owner, would have the right to end the contract. i live in wisconsin, and am having a difficult time searching online for any law that explains this sort of issue.
  Reply With Quote
Old Jan 15th, 2008, 12:21 AM     #2
Top Level Member
 
OHlandlord's Avatar
 
Last Online:
Jul 23rd, 2008 10:34 AM
Join Date: Jul 2007
Location: southern OH
Posts: 579

Default Re: tenant rights with new owner

If the tenants in both sides of the duplex have leases, you must continue to honor those leases when you buy the duplex*. If the lease does not end until June, that tenant has the right to stay in the unit until June. You could ask for her to move out early, maybe offer some financial incentive to her, but she doesn't have to accept it. She can stay until June if she wishes. If she refuses your offer, notify her at least 60 days in advance that her lease will not be renewed and she needs to be out by the end of her lease.

Before you buy the place, be sure to get copies of both leases and read them well. Make sure you can live with all the clauses in those contracts, and be sure there isn't an automatic renewal clause or a clause that guarantees her the right to renew. You need to know this before you buy. You also need to make sure you get both tenants' deposits and any interest that is required to be paid on them by any state law at closing.

* There are some ways that you buy a property that does end a lease in some places. If you buy a property at a foreclosure sale or sheriff's tax auction, this ends the lease in some states. Be sure to consult your state law on this if you are buying the property this way.
OHlandlord is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Add Forum to Google Toolbar | Format Your Messages

Posting Rules

Similar Threads
Thread Thread Starter Forum Replies Last Post
Third Party Liability (Owner vs tenant) Unregistered Insurance Issues 0 Oct 13th, 2008 09:55 PM
i have a question about tenant rights mishonieb Landlord vs Tenant Issues 3 Jun 27th, 2008 09:54 PM
tenant rights Unregistered Landlord vs Tenant Issues 1 Jun 13th, 2008 11:51 PM
Business Owner before marriage, spouse rights? Unregistered Divorce, Separation, Annulment 1 Mar 17th, 2008 08:20 AM
tenant rights Unregistered Landlord vs Tenant Issues 3 Jan 13th, 2008 01:21 PM


All times are GMT -5. The time now is 07:35 PM.


Powered by U.S. Legal Forms

Subscribe

Use of the Forums is subject to our Disclaimer which prohibits unapproved advertisements, solicitations or other commercial messages, and false, harassing or abusive statements. All postings reflect the views of the author but become the property of WORLD Law Direct.

Questions and information submitted in the Forums are assumed inquiries for general information and not legal advice.

Copyright 2000-2008 by WORLDLawDirect.com, Inc.