[cb at sea]

You said you just signed a lease....tell the RC agent that you are NOT moving out.

[longviewJoe]

I would suggest a small rent reduction in exchange for you being super flexible about visits to the place. Might be a win-win!? I have done that for my tenants before.

[VLWH]

Originally Posted by donnabrown8563

Well the situation changed suddenly. Our RE manager suddenly decided to give us a real lease, after giving us some platitude about the pandemic (last June). We signed it 2 days ago. So at first I thought the owner decided not to sell, but sure enough he still is.



So it's my understanding that with a lease, whoever now buys it place has to honor the lease.



And today the agent called us with about 2 hours notice before a different agent brought someone over to see it. I let them come, but I said that I want them to honor the 24 hours notice in future. The agent is your typical salesperson who says whatever, and now comes what she really plans to do.



I get the feeling she is NOT going to respect the 24 hour notice.

Not a lawyer but yes, the new owners will have to abide by the lease. Tell the real estate agent they will not be allowed in unless they give you the proper 24 hour notice. Nevada law requires landlords give 24 hour notice prior to inspecting the property, unless it’s an emergency situation. I would suspect inspecting and showing the property for sale would hold similar rules.

[airics]

Originally Posted by longviewJoe

I would suggest a small rent reduction in exchange for you being super flexible about visits to the place. Might be a win-win!? I have done that for my tenants before.

Lol..the landlord can make it miserable for them. My original question still stands..are they current on the rent? I’d like to see the “new lease”.

[Packrat1]

Yes being current on rent is the best leverage they have.

[airics]

Originally Posted by Packrat1

Yes being current on rent is the best leverage they have.

It’s really the only leverage they have. Better never be late in the future either.

[donnabrown8563]

Yes, we are current on the rent. We have always paid on the first, for the last 9 years. I'm glad to know that the lease will have to be honored even with a new buyer. Thank you everyone.

[BBMW]

Minor question: Have you actually read the lease?

Originally Posted by donnabrown8563

Well the situation changed suddenly. Our RE manager suddenly decided to give us a real lease, after giving us some platitude about the pandemic (last June). We signed it 2 days ago. So at first I thought the owner decided not to sell, but sure enough he still is.



So it's my understanding that with a lease, whoever now buys it place has to honor the lease.



And today the agent called us with about 2 hours notice before a different agent brought someone over to see it. I let them come, but I said that I want them to honor the 24 hours notice in future. The agent is your typical salesperson who says whatever, and now comes what she really plans to do.



I get the feeling she is NOT going to respect the 24 hour notice.

[airics]

Originally Posted by BBMW

Minor question: Have you actually read the lease?

actually a very good point... my lease that I use for my tenants states that if the property is sold, the lease becomes a month to month and becomes the new owner's decision whether or not to keep the tenants.

[lvmensch]

Originally Posted by airics

actually a very good point... my lease that I use for my tenants states that if the property is sold, the lease becomes a month to month and becomes the new owner's decision whether or not to keep the tenants.

That would be very unusual. Never seen it in a lease. The standard lease here converts to month to month upon expiring if no other arrangement is made.

I would in general discourage a rental client from accepting such a lease. I would consider it the same as a clause giving the landlord the power to end the lease on 30 days notice.

Simply unsuitable for most renters.