Legal Question in Landlord & Tenant Law in North Carolina
The owner of the apartment complex I live in has filed bankruptcy. I received a notice from a company bidding on the property, stating that they intend to 'assume' my lease.
Do I have an obligation to fulfill that lease given that the arrangement was entered into with a different owner?
Asked on 2/25/13, 7:36 am
1 Answer from Attorneys
Kenneth Love
Ken Love Law
Yes you do. Unless the leqase allows for you to terminate it if the property is sold, the new owner becomes the landlord and he/she takes the place of the old one.
Answered on 2/25/13, 7:52 am
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