Landlord is selling the home

[Ctsk8er99]

What is the name of your state? Connecticut
My fiance and I have been living in our appartment (duplex) since March. We signed a one year lease with the landlord. However, he has decided to sell the house to the tenants that live downstairs from us. They haven't even told us, but the neighbors have, and they've shown us paperwork signed by the landlord prooving this is true. The downstairs tenants would like us to stay living there, but they want to increase our rent. Since I have a lease signed with the other landlord, am I entitled to stay at my current price untill my lease is up in March 2006, or do I need to give up that lease when the new people buy? Also, what will happen to my security deposit that I gave to the current landlord? Lastly, durring the move, the lease we have with the current landlord has been lost or thrown out. (Bad mistake) Is the landlord required to give us another copy? I would ask them to, but they won't return any of our phone calls?!?! Thank you in advance for any info.

 

[BelizeBreeze]

Your lease will still be valid without a rent increase. When your new landlords buy the property, they buy all assets of the property, including the lease.

The deposit will be required to be transferred to the new landlords or, if they make a deal to to lower the purchase price in lieu of the transfer, they will be responsible for the deposit.

As for your last point, keep your mouth shut. If the new landlords ask you to sign a new lease simply tell them you have a valid lease and when it expires you'll 'think' about a new one at the increased rate.