Q: I own my home, but rent the lot on which it is located. If my landlord decided to sell the lot, what are my options?
I purchased my home, but the lot on which it was located is a rental. I was curious if my landlord decided to sell the lot, and I couldn’t afford to physically move my home what would I do? My landlord is getting old, and I worry if he dies or sells I will lose my home.
A: If you do not have a solid, long-term, written lease agreement that is signed and notarized, then a new owner could ask you to leave when your lease expires. A lease that could last more than 3 years must have the signatures of landlord and tenant notarized, or else it could be terminated. Use the Find a Lawyer tab to retain a local real estate attorney to review your lease and all the facts of your situation, and advise you of your options.
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