Legal Question in Real Estate Law in Virginia
lease agreements
owners of rental property are changing to a new property managment company, they are requiring us to sign a new lease wth new terms,wouldn't they have to do accoding to the current lease dates.I read our current lease and it does say renewal is automatic, I would think it is still valid
Asked on 10/01/07, 12:39 pm
1 Answer from Attorneys
Robert Strupp
Robert J. Strupp,Attorney at Law, PLC
Re: lease agreements
I would need to to review the lease to be sure. However, generally speaking, a change of ownership or management does not terminate existing lease terms.
Answered on 10/01/07, 12:45 pm