A sale of the building generally does not cancel your lease. The new owner usually takes over as your landlord, subject to the existing lease terms and local protections.
What usually stays the same
- A written lease generally continues after the sale.
- Your rent and terms do not change until the lease ends, unless the lease allows it.
- The new owner takes on the security deposit obligations in many states.
- Month-to-month tenants may receive notice of termination, but the same notice rules apply.
Showings and entry
Landlords can usually show the unit to buyers, but must give reasonable advance notice, often 24 to 48 hours, and enter at reasonable times. Your lease and state law control. You generally cannot be forced to allow unlimited showings.
When a buyer wants the unit empty
A buyer cannot normally force you out before your lease ends, though some leases include clauses allowing termination upon sale. Some cities require just cause or relocation payments when owners end tenancies to sell or move in. Check local rules.
What to do
- Keep a copy of your lease and any notices.
- Ask for written confirmation of who to pay and the new owner's contact information.
- Pay rent only as directed in writing, to avoid scams.
- Confirm how your deposit will be handled.
- Contact a tenant organization or legal aid if you receive a notice to leave.
Frequently asked questions
Can the new owner raise my rent?
Not during a lease term unless the lease allows it, and local limits may apply.
Can I break my lease because of a sale?
Usually not, unless your lease or local law says otherwise.