Legal Question in Real Estate Law in Maryland
I rent an apartment that is under contract to be sold to new property owner. I've lived in this property for many years. I signed a lease when I first moved in and have not been required to sign a new lease since that time. What are my rights as a renter? Am I required to sign a new lease? What information is available to me that will inform me of what I can expect and what recourse I have when changes are implemented by new management? I would appreciate your response on this unfolding issue.
Thank You
Paul
1 Answer from Attorneys
You are a month to month tenant and have been since your initial lease expired. This means that either you or the landlord can terminate your tenancy upon the giving of 30 days written notice, unless your original lease contained a different mechanism for termination after the expiration of the initial lease period. I suggest you contact the new owner and ascertain his or her intentions with regard to use of the property. If they bought it as an investment, they will probably want you to sign a new lease with them, but if they intend to use it for their residence, you will have to start looking for other accommodations.