I have a year lease on a condo, but my landlord is trying to sell it now (don't know why, horrible market right now). I was told, according to California law (San Diego) because the landlord and I signed a one-year lease that my landlord has to 'buy me out' in order to break the lease; I did not know if this is true or how much money she has to pay me. Please provide your sources if you have any. Thanks.If a rental lease for a condo is terminated early what does the landloard have to do?
The lease goes with the condo, also are you in a rent control area of San Diego?
but in general if you have a year lease the landlord can not break the lease yearly, and if landlord sells the place it goes with the unit and the new owners must honor the lease
so if landlord wants to sell the place now, she will have to offer you a buy out, as toward how much monies its a game landlord wants to pay as little as possible to get you out, and you must decided how much for you to move, also in back of head if to much then landlord will wait the year out then saleIf a rental lease for a condo is terminated early what does the landloard have to do?
Your landlord does not have to buy you out. He is required to give you 60 days written notice to vacate. In rental leases the landlord can terminate the lease if he is going to sell, or renovate the condo. They must also give you 48 hours notice if they want to show the unit to buyers. Leases are more in favour of the landlord than the tenant. He must return the damage deposit, uncashed cheques etc within 30 days.
Unless your landlord gives notice to leave, your lease contract by law is good with the a potential new owner.
She can't just break your lease. Contact a lawyer.
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