Posted by Max-Va on April 29, 2007 at 19:26:54:
I am not an attorney, but I am a landlord.
If you sign a lease with the landlord, it does not mater what he does as far as the listing. The lease is binding on the new owners even if he sells the property. The new owner may buy your lease out if you agree, if not they are stuck with you
Tenants’ Rights - Posted by Meghan
Posted by Meghan on April 29, 2007 at 15:56:11:
My boyfriend and I live in Chicago and have been looking into an apartment for rent. The owner of the building lives in the upstairs part of the single family home/two unit building. Currently, the entire building is for sale. Because the building is owner occupied and is only two apartments, technically, it is not covered by Chicago Residential Landlord and Tenant Ordinance. We really want to make this apartment work for us, so we want to figure out a way to make sure we have a steady living arrangement.
The landlord has stipulated that he was attempting to sell the apartment because the current tenant has been unable to pay for his rent, but it is in his best interest to keep the place. He stated that he would be willing to not renew the contract with the realty company, but he does have a contract with them until June/July of this year. He is willing to sign a contract (created by me) that states that he will not renew his contract with the realtor and that if it does sell it for the impossibly high price that he is asking, that a stipulation of the sale will be that the current landlords will allow us to keep our year long lease. He is very willing to agree to my terms of lease and has given me free range to add anything into the contract in order to complete the rental contract.
What can I do in this case? Is it possible that any contract I can create will help me in this situation?
Re: Tenants’ Rights - Posted by Rich-CA
Posted by Rich-CA on April 30, 2007 at 24:03:02:
I have been a landlord in 4 states. In all 4 cases, unexpired leases follow the property, not the owner. They cannot evict you or raise the rent, unless the lease says they can. So you would be best off with a lease whose term matched how long you want to stay.