 Property Sale (by Frank [DE]) Apr 13, 2008 2:29 PM
 Property Sale (by Laura [GA]) Apr 13, 2008 2:35 PM
Property Sale (by StevenColorado [CO]) Apr 13, 2008 3:43 PM
Property Sale (by Matt [TX]) Apr 13, 2008 4:40 PM
Property Sale (by Mike45 [NV]) Apr 13, 2008 6:15 PM
Property Sale (by Frank [DE]) Posted on: Apr 13, 2008 2:29 PM
Message:
State Specific Question About: DELAWARE (DE)
I have a tenant only a couple of months into a one year lease. We are considering selling the property. How does this affect tenant? Do we provide the required 60 day notice of termination of the lease? What are our options? The DE landlord tenant code does not specifically address this topic. This is new ground for us. Thanks.
Frank --71.204.xxx.xxx |
Property Sale (by Laura [GA]) Posted on: Apr 13, 2008 2:35 PM
Message:
What does your lease say? And..a curious question, why do you want to sell a property with a tenant in it in this market? --76.97.xx.xx |
Property Sale (by StevenColorado [CO]) Posted on: Apr 13, 2008 3:43 PM
Message:
You signed a lease with him. It remains in effect even if the house is sold. In other words, the buyer assumes the lease. --75.171.xxx.xx |
Property Sale (by Matt [TX]) Posted on: Apr 13, 2008 4:40 PM
Message:
Where is your property? I have a few SFH's in San Antonio, but am always looking to buy (from Newark, DE originally). --75.38.xx.xxx |
Property Sale (by Mike45 [NV]) Posted on: Apr 13, 2008 6:15 PM
Message:
Steve is right. Unless your lease has something unusual in it, you need to tell every prospective buyer of the lease, and the buyer must honor it.
You also will probably have to turn over the security deposit to the new owner, but you might have some risk of being personally responsible for the security deposit anyway. This is a little bit complicated.
--76.0.xxx.xx |
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