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Written contracts always trump verbal and even with the increase on the check its month to month. Maybe he should have given you more heads up but he is within his right to sell the property. Now if someone buys it to live in your out but as a landlord I would gladly keep a property with a tenant in place as an income property
It is not an automatic that it becomes a m2m at end of lease. Sometimes a lease is self-renewing; meaning that it may renew for 1 or even 3 years "absent notice to the contrary".
You have whatever time it takes for your LL to get an offer....and close. Lots of variables...typically new LL raise the rent...that's why the buy investment property.....otherwise the new homeowner will want you out prior to closing. Cooperate, if you want any sort of reference...but best prepare to move, you do not have a written lease anymore. Good luck
My Grandson was renting from a Lady with the option to buy (no papers verbal)she died in a car wreck, her son takes over and says we will have the same arrangement as you and Mother. I will give you first choice. My Grandson comes home from work and finds a note on his door stating I'm your new Landlord would like to find out if you want to buy the house from me or still rent, is that legal
My Grandson was renting from a Lady with the option to buy (no papers verbal)she died in a car wreck, her son takes over and says we will have the same arrangement as you and Mother. I will give you first choice. My Grandson comes home from work and finds a note on his door stating I'm your new Landlord would like to find out if you want to buy the house from me or still rent, is that legal
Why would it not be legal? If he inherited the house, he is the new landlord and he is going to honor his mother's arrangement that your grandson gets right of first refusal. That does not mean that he has to hold the house forever until your grandson wants to buy. So let the new landlord know whether your grandson wants to buy it now or to continue renting.
I'm afraid I don't even see what you are upset about unless you have left out a lot of facts.
My Grandson was renting from a Lady with the option to buy (no papers verbal)she died in a car wreck, her son takes over and says we will have the same arrangement as you and Mother. I will give you first choice. My Grandson comes home from work and finds a note on his door stating I'm your new Landlord would like to find out if you want to buy the house from me or still rent, is that legal
Yep, sounds like he is following his mother's verbal agreement. It sounds like the grandson can continue renting, and he has the option to buy. If I were him and I didn't want to buy yet, but might want to in the future, I would probably want to clarify if his option to buy is only now, or if it will still be an option in the future.
In any case, I also don't really understand your question, since it sounds like nothing really changed for your grandson except that he now has a new landlord.
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