Legal Question in Real Estate Law in Maine

House for sale with renters

We are considering making an offer on a house that currently has renters with a one year lease. We would like to live in the house. Are we obligated to honor the lease between the sellers and the renters? What are our rights?


Asked on 8/16/08, 10:16 am

1 Answer from Attorneys
Jerome Gamache Ainsworth Thelin & Raftice, P.A.

Re: House for sale with renters

The short answer is "probably". You are taking title subject to known possessory rights, even if it is not recorded. However, the lease may have a provision terminating the lease with notice upon sale, so the lease should be reviewed carefully before the conclusion is reached that the tenants must remain.

Read more
Answered on 8/18/08, 4:33 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Maine