a.bentonab
Expert
My wife and I are about to rent a property from a gentleman here in town. I have one question that a lawyer or real estate agent may be able to answer:
I will be signing a 1 year lease. The owner has already stated he tried to sell the house but would take a great loss at this time which is why he is renting it. Is he able to sell the house while we are living in it under a 1 year lease? and if he is (which I think he is) are we immediately kicked out? Do we get a notice? (I think this ones right) or is the new owner obligated to follow the terms of our 1 year lease?
I would appreciate your opinions but I'll need written information from a reputable source to take to the landlord to have the contract drafted. + rep for anyone citing Indiana Code or other reputable source. Thanks!
I will be signing a 1 year lease. The owner has already stated he tried to sell the house but would take a great loss at this time which is why he is renting it. Is he able to sell the house while we are living in it under a 1 year lease? and if he is (which I think he is) are we immediately kicked out? Do we get a notice? (I think this ones right) or is the new owner obligated to follow the terms of our 1 year lease?
I would appreciate your opinions but I'll need written information from a reputable source to take to the landlord to have the contract drafted. + rep for anyone citing Indiana Code or other reputable source. Thanks!