Legal Question in Landlord & Tenant Law in Massachusetts
What is the effect of sale of building on commercial lease? Is new owner required to honor existing, written lease agreement?
Asked on 12/08/11, 6:05 am
2 Answers from Attorneys
Unless you singed a subordination agreement or one is in your lease and the property was sold as part of a foreclosure, the new owner has to honor the terms of the existing lease.
Answered on 12/08/11, 8:04 am
Maurice lariviere jr
Law Office of Maurice LaRiviere Jr
I agree with Jonathan Roth statements but I would need more information to make a determination
Answered on 12/08/11, 2:21 pm
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