Legal Question in Real Estate Law in Pennsylvania

landlord/tenant lease

In our written rental agreement with the landlord it states:

"If any rent is not paid by the seventh (7th) day of the month, Tenant must pay a late fee of $10.00 and $1.00 per day until rent is paid in full. Recently, our landlord sold the property to another management company and they have requested that all of the rent be paid on or before the first (1st) day of the month. We took this apartment because of the one week leverage.

It also states on our lease, under subordination, "This lease and Tenants rights under this lease are subordinate (inferior) to all existing and any future financing, loans, or leases on the building or land. Among other things, this means that the new owner or mortgagee may end this lease if there is a foreclosure sale of the property..." The rest is not pertinent.

Under Lease changes it states:

"The terms and conditions of this lease may only be changed if in writing and signed by both Landlord and Tenant. No oral changes or agreements are permitted.

We ahve not signed ANYTHING to indicate we have agreed to change the rent due date. Do we have a right to keep our rent due date as is or must we comply with the new terms NOT IN WRITING from this new mortgage company?

1 Answer from Attorneys

Related Questions & Answers

More Real Estate and Real Property questions and answers in Pennsylvania

Looking for something else?