Posted: Mar 13, 2009 11:24 am
Yo goner dudes. I bet Theresa knows a thing or two about this. Here it goes: January of 08 we started renting this big house. The house was owned by one company but managed through another. Eventually the house was sold to a different company and the management company was still managing. Then for some reason (unknown to us) the new owner switched management companies. Come Jan 09 we signed another year long lease. Well, I just got a call yesterday from the new management saying that the company went bankrupt and the house is up for sale. He says it could end up being an individual who will buy the house and want us out or that a new company may buy it and continue to rent it to us.
My question is, how does our current lease agreement hold up and if a new buyer takes ownership, what rights do they have to kick us out before the lease is up?
Also, he wants to do a walk through with a potential buyer this Sunday and said it would be better if nobody was home when they were there. I don't understand why this would be an issue. I told him someone will be home as we have a lot of possessions and would want someone watching over them. He said okay but to be discreet about it. Why would they want this?
I've been considering buying a home when this lease is up anyways, but if we had to leave before Jan of 2010, it would just make it harder for me to get to that point.
So, what right do we have to stay in the home until the lease is up?