California Notice to Tenant Regarding Property Having Been Sold
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How to fill out Notice To Tenant Regarding Property Having Been Sold?
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FAQ
To give a tenant notice in California regarding property that has been sold, start by preparing a written notice that clearly states the intent. You should include important details such as the date of sale, the names of the new owners, and a brief statement regarding the change in tenancy. It's advisable to follow the state's guidelines for notice periods, typically 30 days, unless otherwise specified in the lease. For assistance drafting a compliant notice, consider using resources like USLegalForms to ensure you provide the appropriate California Notice to Tenant Regarding Property Having Been Sold.
Lease ProvisionsIf the property is sold with nine months remaining on a one-year lease, the tenant has the right to occupy the unit for the remaining nine months. He or she is still responsible for paying rent and carrying out the terms of the original lease, although rents will generally be paid to the new owner.
Landlords Must Provide Ample Notice of the Sale In the state of California, 24 hours is considered to be reasonable notice before a showing occurs on the property. That means your landlord must inform you at least 24 hours before a scheduled showing that a buyer will be visiting the property.
If the property is sold with nine months remaining on a one-year lease, the tenant has the right to occupy the unit for the remaining nine months. He or she is still responsible for paying rent and carrying out the terms of the original lease, although rents will generally be paid to the new owner.
Landlords Must Honor the Lease Usually, if your landlord sells the property that you occupy, your lease won't necessarily be terminated. Instead, the buyer of the property now becomes the new landlord and is obligated to comply with the terms of your existing lease until it expires.
Because you have the right to possession, the landlord cannot make you leave your home at any time, nor can the real estate agent or inspector ask you to leave the house or room, for him to show the place to prospective buyers, or whatever.
Many states require landlords whose renters have a monthly lease to provide only 30 days notice to vacate the property they're selling. But California is more generous when it comes to giving month-to-month renters time to figure out their future living arrangements.
Get the Timing Right. You must give at least 60 days' advance written notice that the tenancy will end. If your tenant has lived in the rental unit for less than one year, you need give only 30 days' notice. You may also give 30 days' notice if you are well underway with the sale process.
Landlords can terminate periodic tenancies by giving 90 days' notice where: Selling a Property: Selling a Tenanted Property A landlord can sell a tenanted property providing that they notify the tenant as soon as the property goes on the market.
