Legal Q & AQ. I am considering selling a duplex I own. Both sides are rented under one-year leases. A potential buyer said he would need to move into one side of the unit and could not wait for the lease to expire. If there is a sale, doesn't that terminate any lease I have with the tenants?
A. A voluntary sale of leased property does not terminate the rental agreement or lease; the new owner steps into the shoes of the former owner and has the same rights and obligations as the former owner.
Q. My brother manages the apartments that we own. He did not collect a security deposit for a particular tenant. The tenant still has not paid it, but says he will pay this month. Can I serve him a 30-day notice if he does not pay by the end of the month?
A. If you are on a month-to-month agreement, you can serve a 30-day notice. If the agreement to pay the security deposit was part of the lease, you can serve a three-day notice to perform or quit.
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