Property Sold Our With Tenant In Middlesex
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When an owner sells the property directly to someone else, the new owner takes the property subject to the current lease terms. Even if your lease expired years ago, those same terms carry over on a month-to-month basis. The new owner may, after a lease term ends, propose a new lease or rent increase.
Fixed-Term Leases and Notice Periods If you don't intend to renew the lease, you must give notice to vacate. This must be in writing and delivered to the resident before the lease expires. In certain states like California, a 60-day notice is required if the resident has lived in the unit for at least a year.
I hope this letter finds you well. I am writing to inform you that the property you are currently renting at Property Address is being put up for sale. This means there will be some changes in the near future, but I want to assure you that your rights as a tenant will be respected throughout this process.
If the eviction is for nonpayment of rent, however, it can be instituted immediately without any notice to the tenant. The court calendars in most southern New Jersey counties have about a three-week lead time. This means that after you file, you are likely not walking into a courtroom for at least three to four weeks.
A landlord cannot evict tenants or remove their belongings from a rental home without first getting a judgment for possession and then a warrant of removal from the court. Only a special civil part officer can perform the eviction on behalf of a landlord.
The landlords must give the tenant at least 3 days' notice. They have no choice. The tenant must leave the premises before the end of the notice period to avoid eviction. Landlords may continue with the eviction process if the tenant refuses to leave after the 3 days' notice.
The letter to notify a tenant of the sale of the property should be short and concise and include information such as: Identifying information including the date, owner name, tenant name, and property address. Notice that property is being sold and that the lease and deposit will transfer to the new owner.
In New Jersey, the sale of a property alone is not a basis for eviction. However, if the building has three residential units or fewer and the buyer wishes to live in your unit, you may be at risk of eviction.
Leases and their terms transfer when a home is sold. The new owner must honor the lease, but they don't have to renew it. In Massachusetts, landlords are required to notify tenants properly if they intend to show the property to prospective buyers.
