Q: i am a tenant in south Carolina with a 12 month lease. the landlord is selling the property.
would he have to honor the lease or end it?
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A: In South Carolina, when a property is sold, the lease agreement typically remains in effect. The new owner, who acquires the property, becomes the new landlord and is typically obligated to honor the terms of the existing lease. This means that your lease should generally remain valid and enforceable under the new ownership. However, there can be exceptions or situations where lease agreements may be terminated or modified during a property sale. It's essential to review your lease agreement for any clauses related to the sale of the property, as it may contain specific provisions regarding what happens in the event of a sale. For personalized legal advice tailored to your unique circumstances, it's advisable to consult with an attorney.
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