The Building You Occupy Has Been Sold. Now What?

Here are some things you need to know if you occupy a building that’s been sold. An immediate change that may happen is you will have a new property manager. If so you'll be notified of the change of address under the notices provision of your lease. Going forward all rent payments and correspondence will need to go to the new landlord or landlord agent. However, under new ownership your lease terms do not change. Your lease is a legally binding document until it expires. Before the sale finalizes you will be asked by your current landlord/seller to sign an…
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