Hello...i just discovered the building i'm living in (in ca) will be sold within a few months...?

Question

what do i do? i see that by law i'm suppose to pay rent, but that's a problem if i'm going to have to move before or when the unit is sold. can the owner sue if it doesn't turn into an eviction? if the property is sold or not sold, can the new owner or the bank sue? what happens to my deposit? i live in a city that has rent control...do i have legal rights? thanks a bunch for taking time in reading and answering my questions. and my heart goes out to any one who has dealt or is dealing with this growing problem...

Answer 1

Keep paying and hope they keep cashing your checks. If they don't cash them, just set them aside and save the money. Make sure you understand your new lease when you get one. If you don't get one...keep paying...re-read. lol

Answer 2

i went thru this, i was not in a lease and the new owner Doubled the rent. people moved out in droves (me too). don't stress but expect changes. i'd line up another place to live just in case

Answer 3

You are in an apartment building?    You will not be effected at all, your lease is valid and the new landlord can not evict you.

Answer 4

The sale may not affect your tenancy at all. You may not have to move and there may be no plans for the new owner to ask you to move.

You have the legal obligation to pay rent as long as you live in the apartment.

If the unit sells, your lease and deposit tranfers to the new owner.

Unless you have been given notice to vacate ot terminate your tenancy, there is nothing to worry about.

You will be notified, once the sale is complete, to pay rent to the new owner.

Answer 5

This is an apartment?  Why all the alarm?  If and when the ownership changes, you'll be notified who the new landlord is.  Until then, just pay your rent normally.