{"id":19328,"date":"2020-09-15T10:16:01","date_gmt":"2020-09-15T15:16:01","guid":{"rendered":"https:\/\/www.abodo.com\/blog\/?p=19328"},"modified":"2024-07-16T15:41:24","modified_gmt":"2024-07-16T20:41:24","slug":"renting-a-house-up-for-sale","status":"publish","type":"post","link":"https:\/\/www.rentable.co\/blog\/renting-a-house-up-for-sale\/","title":{"rendered":"What To Do If The Home You’re Renting Is Up For Sale?"},"content":{"rendered":"

If you\u2019ve been staying at the same property for years, you\u2019re probably calling it your home\u2014even if you\u2019re only renting it. It could be where you grew up, made countless happy moments, and you miss it whenever you\u2019re away. In short, it really feels like your true home. And it will always be your home\u2014until the owner of the property decides to put it up for sale.\u00a0<\/span><\/p>\n

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Understandably, tenants will feel frustrated and confused once the place they call \u2018home\u2019 for years is suddenly in danger of disappearing. But there\u2019s no need to panic when you learn of this development. Keeping your cool in this situation will help you come up with a solution. As tenants, you have rights that will help you in this situation.\u00a0<\/span><\/p>\n

Read on to find some tips on what you should do once you learn that your rental home will be sold. <\/span><\/p>\n

Don\u2019t Start Packing Just Yet<\/b><\/h2>\n

Just because you found out that the rental property is up for sale doesn\u2019t mean you have to start packing your things immediately. While it\u2019s true that the property owner or the landlord has the right to sell the house whenever they want, no one can force you to leave until your lease is up. So, relax and prepare a strategy to cope with this situation.<\/span><\/p>\n

Exercise Your Tenant Rights<\/b><\/h2>\n

As a tenant, you have the right to stay in the rental property until your lease is up. If someone were to purchase the property tomorrow, the new owner must accept the fact that you\u2019ll still be staying for as long as your lease isn\u2019t up yet. Remember, you have tenant rights, and you\u2019re free to exercise them as you wish.<\/span><\/p>\n

If you\u2019re living in a rental property, especially in a place like Houston, you have the right to stay there peacefully for as long as your lease is still valid. You\u2019re free to close the door to anyone you don\u2019t want in your home. You\u2019re also not obliged to let estate agents who are always looking to <\/span>sell a house fast in Houston<\/span><\/a> or prospective buyers go in to view the property as they please. Even if the landlord gives you a notice that there will be someone who will take a look at the property, you can still deny them entry.\u00a0 \u00a0<\/span><\/p>\n

Examine Your Lease Closely<\/b><\/h2>\n

There are some cases, though, that a landlord may forcefully evict you if you violated the terms and conditions of the lease. Thus, it\u2019s crucial that you know all the fine print outlined in your lease.<\/span><\/p>\n

A lease is a legally-binding document signed by a tenant and a landlord. It\u2019s a contract made between two parties for the purpose of protecting and preparing both sides for what might happen in the future. Instead of packing your things after finding out that the rental property is for sale by owner<\/a>, grab a copy of your lease and take a good look at it. Look for anything in the lease that will tell you what should happen if the property owner suddenly decides to sell it.<\/span><\/p>\n

Even if the owner decides to sell the property, they don\u2019t have the right to forcefully make you leave until your lease is up. Leases always have a clause detailing what will happen to you in case something like this happens. Besides, the landlord must still honor the contract, or else they might be sued for breach. Thus, it\u2019s highly crucial that you always keep a copy of your lease and examine its contents from time to time.<\/span><\/p>\n

Honoring The 30 Days\u2019 Notice\u00a0<\/b><\/h2>\n

In most rental cases, contracts will contain the provision that the landlord must give their tenant at least 30 days’ notice if they decide to sell the property.\u00a0\u00a0<\/span><\/p>\n

If you\u2019re staying on a rental property on a month-to-month basis and your landlord suddenly informs you that they\u2019re selling it, they must give you proper notice that they will be terminating your tenancy. The notice must state this 30 days\u2019 notice provision, and it must identify a specific moving out date. If your landlord didn’t provide this kind of proper notice beforehand, you don\u2019t have to move out just yet.\u00a0\u00a0<\/span><\/p>\n

Repairs Aren\u2019t Your Concern<\/b><\/h2>\n

There might be some cases wherein the landlord tells you to do repairs on damages so that the property would look good for the next owner. When it comes to selling the property, it\u2019s the landlord\u2019s job to take care of the repair and maintenance if there are any <\/span>problems with the rented property<\/span><\/a>. <\/span>Tenants don\u2019t have to make the property pretty for the future owner; remember that it\u2019s the responsibility of the property owner to make it sellable, not yours.<\/span><\/p>\n

Facing The New Owner<\/b><\/h2>\n

If you\u2019re living in a rented property on a long-term lease agreement, your landlord can\u2019t force you to move out even if the property owner decides to sell it before the term is over. And even if the property has already been bought, the new owner must still honor the lease.\u00a0<\/span><\/p>\n

There are some cases, though, that the new owner will ask you to sign a new lease containing their own terms and conditions. However, you\u2019re not required to feel obliged to sign.\u00a0<\/span><\/p>\n

When your original lease is up, it\u2019s up to the new owner if they would like to have you continue renting their property or not. Thus, it might be best to face the owner on a kind and cordial note.<\/span><\/p>\n

Final Thoughts<\/b><\/h2>\n

It shouldn\u2019t feel like a death sentence when you find out that the rented property you\u2019ve been living in for a long time is up for sale. The best thing to do during this situation is not to panic.\u00a0 As a tenant who\u2019s been living in the property for many years, you have your rights to protect you. Similarly, a landlord can\u2019t forcefully evict you out of the rented property without telling you in advance. Thus, you\u2019ll have plenty of time to <\/span>find a new rental home.<\/span><\/a><\/p>\n

So, take a deep breath and relax. No matter what happens, you won\u2019t be forced to move out of the rented property without undergoing the proper procedure. Thus, always know your rights, reexamine the details in your lease, and prepare a plan.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019ve been staying at the same property for years, you\u2019re probably calling it your home\u2014even if you\u2019re only renting it. It could be where you grew up, made countless happy moments, and you miss … <\/p>\n

Read more<\/a><\/p>\n","protected":false},"author":23,"featured_media":18973,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[149],"tags":[],"_links":{"self":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/19328"}],"collection":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/comments?post=19328"}],"version-history":[{"count":4,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/19328\/revisions"}],"predecessor-version":[{"id":21477,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/19328\/revisions\/21477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/media\/18973"}],"wp:attachment":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/media?parent=19328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/categories?post=19328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/tags?post=19328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}