Did you know... August 18, 2016

BUYER OF RENTAL PROPERTY

A buyer of a rental property cannot give notice to vacate to the tenant until the buyer actually owns the property. After closing any notice is subject to the terms of the lease as well as local and state laws.  Also, neither the listing nor the selling broker has the authority to give notice to the tenant at any point.  Although this all seems obvious, sometimes the parties get overzealous and forget.

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There are no warranties, express or implied, including fitness for a particular purpose, made with respect to this communication. Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.