Legal Question in Real Estate Law in Illinois

Re: Owner selling, can i break lease and move prior to sale

Any sale will be subject to your lease.

Re: Owner selling, can i break lease and move prior to sale

As you may already know, the property can be transferred either by inheritance or sale while your lease is in effect. The new owner(s) will be contractually bound by the same lease terms as the deceased owner was during his lifetime. In regards to your "breaking" the lease, the very term suggests that you would be committing a breach of the lease. Why would you want to do that? Please read the provisions of your lease very carefully regarding the obligations of the lessor, any renewal provisions, and the notice of termination provisions. Consult with an experienced local real estate attorney if you have any questions after reading the lease. Most attorneys will insist upon actually reading the lease before rendering any legal advise, so be prepared to provide your attorney with a complete copy. As a practical matter, the new owners may not object to your moving and you may be able to work out a mutual agreement to terminate the lease early and to allow you sufficient time to make arrangements to relocate. If you are not already represented by legal counsel you may feel free to call me for a free telephone consultation at 314-727-2822. Thank you.