What is the name of your state (only U.S. law)? Chicago, Illinois
The building I am renting an apartment in is being on the Short sale. The Short sale contract was signed in August 2012. My new lease was signed in November 2012. Since my new lease was signed after the Short sale contract, I wonder if it is valid. The buyer is not aware about my new lease and is not planning on renting. They have scheduled to close the sale in May 2013. Will I be able to stay in my apartment till the end of my new lease, or the new owner will have the right to suspend/invalidate my new lease?
My current landlord reduced the rent by $100 in the new lease as a token of being an honor tenant for 6+ years, but I agreed (verbally) to keep paying him a full rent until the sale. If he is screwing me up and my new lease is not valid, can I reduce the amount I "overpaid" with my last payment to the old landlord? The expiration date of the new lease is at the end of 2014. Thank you.
The building I am renting an apartment in is being on the Short sale. The Short sale contract was signed in August 2012. My new lease was signed in November 2012. Since my new lease was signed after the Short sale contract, I wonder if it is valid. The buyer is not aware about my new lease and is not planning on renting. They have scheduled to close the sale in May 2013. Will I be able to stay in my apartment till the end of my new lease, or the new owner will have the right to suspend/invalidate my new lease?
My current landlord reduced the rent by $100 in the new lease as a token of being an honor tenant for 6+ years, but I agreed (verbally) to keep paying him a full rent until the sale. If he is screwing me up and my new lease is not valid, can I reduce the amount I "overpaid" with my last payment to the old landlord? The expiration date of the new lease is at the end of 2014. Thank you.