WHEN NEW LEASE HAS TO BE SIGNED

[KELMAY]

I LIVE IN INDIANA AND AM RENTING A HOUSE.MY LEASE IS NOT UP UNTIL AUGUST BUT MY LANDLORD WANTS ME TO SIGN NEW LEASE NOW
IN MARCH OR SHE IS GOING TO START SHOWING THE HOUSE TO OTHERS.IS THIS LEGAL? HOW AND WHATS THE EARLIEST SHE CAN MAKE US SIGN?

 

[dj1]

TURTNOFFYOURCAPSITHARDTOREAD.......

well its up to you what YOU want to do.....

Seriously.....YOU have a lease and are legally entitled to stay there till it ends even if the landlord sells the house, because the lease AND your deposits get transferred to the new owner.

Now if the landlord wants YOU to sign a new lease at the same rent or even slightly higher, that is Illegal unless the term of the lease is extened too... so consider this....

THE new lease would still be legaly transferreable to the new owner in a sale, AND READ YOUR NEW LEASE CAREFULLY...
-----

I think the landlord is trying to scam you by putting in the new lease you can be evicted if the house is sold.

-----

IF the new lease is also for a year and with a small rent increase THEN SIGN IT...WHY?????

Because if they or the potential new owner wanted you out before he bought the place...

Then They would have to PAY YOU to move, all your deposits back, your moving expenses, maybe a FREE month or two of rent, all your new conection charges for the phone cable etc.... a nice chunck of money you can DEMAND from them to move before your lease is up.

Neat kewl...... so its YOUR choice....choose wisely



[Edited by dj1 on 03-02-2001 at 11:14 AM]

 

[KELMAY]

i guess i didn't state the right question.i have been approved for a loan to buy.i'm in the process of looking.if i dont find what i want then will stay here another year.if i sign a new lease now then i am screwed out of a 700.00 deposit if i find a house i want to buy. if i dont sign can they rent it to someone else to move in , in august or do we have first option.can they show it to other people if we dont sign it?

 

[LL]

Yes, they can show the house now, and even sign a lease with other people before your lease is up. You can stay until the end of your lease, but not longer if they have leased to someone else.

Your only options are to try to negotiate with the landlords for a short-term lease, or a month to month arrangement, but failing that you will have to move and find a month-to-month arrangement.