Legal Question in Real Estate Law in Illinois

rental lease in event of sale

if you have a six month rental lease and the property is sold is your lease still good till the term ends?


Asked on 2/18/09, 10:33 pm

2 Answers from Attorneys
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: rental lease in event of sale

Yes.

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Answered on 2/18/09, 10:36 pm
Naheed Amdani Law Offices of Naheed A. Amdani, P.C.

Re: rental lease in event of sale

Yes. At the time of sale, the seller should assign the lease to the purchaser, along with your security deposit, if any.

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Answered on 2/19/09, 12:34 am


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