What is the name of your state? California
I signed a one year lease for a house starting August 1st of 2007 and Ending August 1st of 2008. Recently, My landlords asked to meet with me. At the meeting they informed me they needed to sell and that their real estate agent would be over in the next 20 minutes to talk about arangements to show the house. Shocked! As I had every intention of being here at the minimum of the one year lease that I signed, which I never would have signed if I had known there were intentions to sell. As this was totally unexpected all I could say was that I would need 24 hour notice to allow prospective buyers to view the house by appointment only. Although, with my high rent rate I am not neccessarily thrilled that my tenant duties now include aranging my life and schedule around my landlords potential buyers.
Today I recieved a "thirty day notice to quit" with a note saying that hopefully I have taken seriously their intent to sell and have started to secure future living situations. Can you serve a 30 day notice on your tenant when you are in a year lease?
Is this possible? I have payed rent in full and early every month so there would be no cause to evict. Isn't the lease binding? I thought the lease was there to protect a renter as well as the landlord? Does my lease stay with the property? And if this is the case what would stop a buyer who intends to live in the house evict me upon taking ownership anyways? What are my options?
Also, there is nothing in my lease with any mention to selling the property. The only thing I could find that could be applied would be that tenants require 24 hour notice if anyone will need to enter the property for repairs and maintenance.