Legal Question in Real Estate Law in New Jersey
lease status on property transfer of rented home
Does the new owner of a rented home under long term lease have to honor the terms of the exisiting lease upon transfer of ownership ?
1 Answer from Attorneys
Re: lease status on property transfer of rented home
Probably; in order to give a firm answer, I would need to review the terms of the lease. Keep in mind that this advice is based purely on the little bit of information that you have given to me. There may be other factors that would change my opinion. Further, no one can rely on advice from an attorney who has not been retained. Since it appears that you have not retained an attorney, before you take any further action, you should contact an attorney (either me or someone else) to discuss your matter in more detail. Only then will you be able to rely on the advice. I will be happy to assist you. However, you need to call me at 856-546-8010. If you mention LawGuru, there will be no charge for your first consultation. Good luck! Rob Gleaner