Tenant Rights When Rental Property is Put Up On Sale

If you’ve been renting the same property for a long while. Chances are that you call this place home and really mean it. Tenant Rights When Rental Property is Put Up On Sale

You have collected hundreds of happy moments associated with this place. You know all its ins and outs, and maybe you even dream about it while being far away. This is your home. Well, at least until your lease expires.

That’s why most tenants feel frustrated and confused when it turns out that their ‘home’ has been put up for sale.

Tenant Rights When Rental Property is Put Up On Sale

1. If You Have an Oral Agreement

Hopefully, you are reading these lines only out of curiosity. Because as experience confirms times and times again, going for a verbal rental agreement is one of the biggest mistakes tenants make.

Although it is true that such agreements are binding by law, they are easy to misinterpret and hardly possible to prove.

But no worries, learn what rental rights do you have without a written lease and try to make the most out of this knowledge.

2. If You Have a Month-to-Month Lease

If you are renting on a monthly basis. It basically means that your contract expires and gets renewed every 30 days. Should your landlord decide to sell their property and terminate your month-to-month lease, they can do it with ease.

All it takes for them is to give you the notice to vacate within the reasonable term stated by the law.

This term varies from state to state, but it’s usually around 30 days.

The rare some countries like state of California in USA. Where month-to-month renters should be notified about the termination of their lease 60 days. Before the expected move-out day if they’ve been living in the same rental unit for a year or more.

3. If You Have a Fixed-Term Lease

Although things are more messy with a fixed-term lease. It’s still possible to learn all the ins and outs of your tenant rights when your landlord decides to sell a property.

So let’s see what steps you should take to minimize your loss when the place you call home is put up on sale.

4. Read Your Lease Agreement First

Generally speaking, a rental agreement is yet another form of business contract. And contracts are meant to predict all possible conflicts that might arise during their period of validity.

So chances are that your lease copy has all the answers you’re looking for.

It might state that the property you are renting can be put up on sale at any time. But your landlord is obliged to give you a notice at least 60 days before he or she wants you to move out.

5. Check Your State Landlord-Tenant Laws

If your lease doesn’t mention anything about your rights in the discussed situation, the next step to take is to refer to legislation. Learn Tenant Rights When Rental Property is Put Up On Sale

But remember that tenant-landlord law is different from state to state, which means your tenant rights might slightly vary depending on your location.

For instance, if you’re renting in California, you can have a sigh of relief as a local tenant-landlord law is tenant-friendly.

In case you have a fixed-term lease, you have the right to stay in your rental property until its end. What’s more, when in the Golden State, you can request relocation allowance if your new landlord wants you to move out before your lease expires.

Learn More About Tenant Rights in Your State:

Do I Have to Pay Rent If My Landlord Is Selling the House?

You’re obligated to pay rent to your current landlord until the property is sold. After that, there are two scenarios that you can face as a tenant. The Tenant Rights When Rental Property is Put Up On Sale

In case the new homeowner decides to continue renting out this property, you’ll just have to continue paying rent to your new landlord under the same agreement.
Otherwise, you are only obligated to pay rent while you live in the property.

How Often Can My Landlord Show My House While I’m Living in It?

It depends on the state laws, but in most of the cases, the landlord has the right to show the property during reasonable hours and only after the 24-hour notice.

If you feel that your landlord is not being reasonable about that, you can check with your lawyer to see what you can do about it.

However, we strongly recommend you be careful with such a fragile thing like a good tenant-landlord relationship that can be ruined with the involvement of a lawyer.

Can I Break My Lease If My Landlord Is Selling the Rental?

First things first. Make sure you check your lease. Cause most of the landlords tend to include the rights and obligations in this situation to stay flexible and vacate the property faster.

Unfortunately, if your lease doesn’t have anything about the sale situation, it will be a bit more complicated.

State laws in many locations do not give tenants a way to get out of the lease in the case of property being sold.

Usually, laws keep you under the same rental agreement but with the new landlord/homeowner.

Also, there is a chance that you can break your lease in case of any lease agreement violations on the landlord’s side.

However, before trying to look for a breach in the contract. We recommend you talk to your landlord directly.

Sometimes, it only takes one good talk to point out whether he plans to sell the house before the lease expires, how many times he wants to show the house, etc.

Facts to Keep in Mind: Tenant Rights When Rental Property is Put Up On Sale

Tenant rights are superior to property rights. It means that your landlord is no longer your landlord and you’ve got a new one, you can live and enjoy your basic tenant rights until your lease comes to an end.
You might be a subject to relocation allowance. If your landlord wants you to move out because a property is put up for sale, you might request a relocation allowance. In some cases, you’ll have a chance to receive a so-called tenant relocation payment.
Even if your rental home is put up for sale, it is still your home. This means that you still have your right to quiet enjoyment and the property owner cannot invite prospective buyers to an open house whenever he or she wants to. A landlord is still obliged to give you 24 hours’ notice.
It’s time to ask for bonuses. When a rental property is put up for sale while you’re still renting it. Chances are good that people will come to see the place every now and then. This means you’ll have to keep your property clean and ready for demonstration permanently. As it may cause distress. You have a right to negotiate your rental price and ask for a discount to cover inconveniences. More often than not, landlords agree on that.

In Conclusion: Know Tenant Rights When Rental Property is Put Up On Sale

Housing issues should not be a source of stress, but they oftentimes are. If you are renting a home and find out your landlord wants to sell it or even has already done that. The best you can do is to stay calm and collected.

No matter what people might say and what relevant horror stories they might share with you. Both you and your landlord should abide by the law.

And, fortunately, Kenyan law is rather pro-tenant. Which means you should enjoy your rights and have no worries. Tenant Rights When Rental Property is Put Up On Sale