Q: I signed a year lease with a LLC in April. Recently the people that ran the LLC and owned the property sold it.
Do the new owners have to honor my lease if I stay within the lease agreement?
A: As a general matter, unless your lease contains a provision stating that, upon a sale of the property, the lease can be terminated and you can be evicted, your lease would still be in effect after the sale and the new owners would step in as your new landlord. Yes, the new owners have to honor your lease if you stay within the lease agreement.
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