Legal Question in Landlord & Tenant Law in California
does a new owner of a industrial complex need the tenants to sign a new contract?
Asked on 1/06/11, 1:25 pm
2 Answers from Attorneys
George Shers
Law Offices of Georges H. Shers
A new owner buys the property subject to all the encumberances upon it, which includes all leases. So both sides are bound exactly the same as to the leases as if no sale had occurred.
Answered on 1/11/11, 4:12 pm
Ashley C L Brown
Law Offices of Ashley C. L. Brown
I'd review the leases to see what they say, but it probably is not necessary.
Answered on 1/11/11, 4:25 pm
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