Saturday, August 12, 2017

Can a lease continue even after the property has been sold to a third party?

A lease can continue even after the property has been sold to a third party but only if the lease contract indicates that this is possible and acceptable.  For example, a lease contract may have an extension clause which allow for auto renewal or the contract turns to month-to-month term.

Question:  Can a lease continue even after the property has been sold to a third party?

Answer:  Yes, but only if the lease contract clearly states it is possible and allowed

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