Typically, a landlord is under no obligation to provide you notice in advance that the property is for sale. The buyer, however, does take the property subject to any valid lease. In other words, the new owner steps into the shoes of the former landlord. Therefore, it is important to review your lease to determine its validity and terms, as well as when and how it renews in order to anticipate and address the possibility of a notice of non-renewal or increase in rent.
Answered on Jul 22nd, 2013 at 3:29 PM