I have signed a lease to rent a property commencing the 2/3/2009 today house put on market is lease valid?
We paid 2 weeks rent into nominated bank account.
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Tags: House Lease, lease property, rent property
rent property | , 28 Jan 10
By daisygirlsgp, January 29, 2010 @ 9:30 am
OMG that can’t be legal!
By Pojo, January 31, 2010 @ 3:34 am
Of course it CAN be legal. Is the lease month to month or 6 months etc.
IF it is an annual lease the new owners, when it sells, will have to abide by that lease regardless. OR they may choose to buy you out which is also possible. If they want to buy it for rental property all that will change with you is the name on your rent checks. But if you have an annual lease REMEMBER the current owners sell the property with least in tact or you can ask for monetary damages to move. Stuff like but not limited to moving expenses and a $ figure JUST to get you to move though you do not have too.
By concerned, February 1, 2010 @ 7:59 pm
I have heard there are scams out there too, people taking money from potential renters that aren’t really the owners….especially if the house is vacant….
By Pagan Dan, February 4, 2010 @ 4:39 am
If the house sells (which is a big if these days), the purchaser would be buying it subject to your rights as a tenant.
I’ve been both a landlord and a tenant. The down side for you is the fact that it is a pain to have strangers (potential purchasers) coming through your home. Provided proper notice is given to you , the landlord is well within his or her rights to do that.
It is also a lot harder to sell a place with tenants in it. It is illegal in some places for a tenant to lie to a purchaser and invent problems or flaws in the home that do not exist, but they can still discourage buyers by saying things that are true. “It’s a nice place except for the night-shift neighbour’s Harley” or “We like it here except for the traffic noise, or whatever”.
In my opinion, it was dirty of the landlord to take your money without revealing the intention to sell, but it’s legal and there you have it.
This world would be a much better place if we all held ourselves to a higher standard than what we can get away with.
On the other hand, if the place is being sold as a revenue property, it’s no skin off your nose if you make out the rent cheque to someone new.