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Gah - lease drama. Anyone have any landlord/tenant knowledge?

maddie80maddie80
in Colorado Nesties

My super awesome landlord is selling our rental, and we are running into some problems with the question of "what happens next" under our lease. 

 Anyone have experience with this issue?  I'd love to get some advice.

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Re: Gah - lease drama. Anyone have any landlord/tenant knowledge?

  • andrealynn0707andrealynn0707 member
    Eighth Anniversary Combo Breaker
    The new owner is required to honor the lease, I believe. After the lease period is up, then you can either negotiate a new lease with the new owner, or either of you can terminate the agreement with however much notice the lease specifies.
    image
    Report Reply
  • carrierriecarrierrie
    Is it possible for you to break your lease so that you can find another place to live?  Are you really up for showings?  Or, is it already under contract?
    imageBaby Birthday Ticker Ticker

    Report Reply
  • DownToEarthGirlDownToEarthGirl member
    I ditto AL - we were looking at selling while leasing, so we made sure we had the language in the lease for if purchased that a new owner would honor the lease period.  I don't know if it's commonly in the CO leases, but I know it was in the one I downloaded and modified. 
    image

    Are you united with the CCOKCs?

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  • maddie80maddie80

    imageandrealynn0707:
    The new owner is required to honor the lease, I believe. After the lease period is up, then you can either negotiate a new lease with the new owner, or either of you can terminate the agreement with however much notice the lease specifies.

    That's exactly what I thought.  And what our current owner thinks.  But our new owner is convinced we have to sign a new one.  Super frustrating.

    Report Reply
  • WineCatWineCat
    imagemaddie80:

    imageandrealynn0707:
    The new owner is required to honor the lease, I believe. After the lease period is up, then you can either negotiate a new lease with the new owner, or either of you can terminate the agreement with however much notice the lease specifies.

    That's exactly what I thought.  And what our current owner thinks.  But our new owner is convinced we have to sign a new one.  Super frustrating.

    I'm pretty sure that my lease was similar to DTEG and what Andrealynn said.  Have you called the landlord/tenant hotline?

    http://www.denver.com/tenant-landlord-hotline-b9509251

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  • maddie80maddie80

    No, but I will! 

    I checked with some of my law geek friends, and we are all pretty much in agreement.

    I guess I'm not sure how ugly to let this get - the new owner wants us to sign a new lease that is ridiculous.  I told them I thought it was ridiculous (in nice terms) and he made it slightly less so, but I can tell it's going to be a massive struggle.  Gah.

    Report Reply
  • andrealynn0707andrealynn0707 member
    Eighth Anniversary Combo Breaker
    imagemaddie80:

    No, but I will! 

    I checked with some of my law geek friends, and we are all pretty much in agreement.

    I guess I'm not sure how ugly to let this get - the new owner wants us to sign a new lease that is ridiculous.  I told them I thought it was ridiculous (in nice terms) and he made it slightly less so, but I can tell it's going to be a massive struggle.  Gah.

    When is your lease up?

    I know it sucks with all you have going on now, but would your current landlord let you out of the lease a few days before the new owners close?

    image
    Report Reply
  • maddie80maddie80
    Our lease isn't up until March 2013.  Yeah.  :( The other issue is that the closing is scheduled for 2 days before I hit 39 weeks (which is the day I'll have a scheduled c-section if I haven't gone into labor by then).  So moving that week would be a real issue.
    Report Reply
  • WineCatWineCat
    Thank goodness you're a lawyer!  They may want a new lease but if you don't have to sign one, can you just hold strong?  We all want things we can't get and I hope this is the case for your new landlord. 
    Report Reply
  • andrealynn0707andrealynn0707 member
    Eighth Anniversary Combo Breaker

    imagemaddie80:
    Our lease isn't up until March 2013.  Yeah.  :( The other issue is that the closing is scheduled for 2 days before I hit 39 weeks (which is the day I'll have a scheduled c-section if I haven't gone into labor by then).  So moving that week would be a real issue.

    That sucks :( 

    I believe the law is 100% on your side, but it does suck to have to start out on this kind of footing with the new landlord. 

    Hang in there. 

    image
    Report Reply
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