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Tina
Tina, Lawyer
Category: Legal
Satisfied Customers: 8775
Experience:  JD, BBA Over 25 years legal and business experience.
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IF YOU OWN A HOME THAT IS ON A LEASEHOLD PROPERTY. AND THE

Customer Question

IF YOU OWN A HOME THAT IS ON A LEASEHOLD PROPERTY. AND THE PROPERTY GETS SOLD TO A THIRD PARTY. CAN THE HOUSE GET SOLD OR WHAT HAPPENS TO THE HOUSE
Submitted: 1 year ago.
Category: Legal
Expert:  Loren replied 1 year ago.
Good day. I am Loren, a licensed attorney, and I look forward to assisting you.
Expert:  Loren replied 1 year ago.
When someone buys property which has a leasehold, they take title subject to the leasehold. So, nothing happens to the existing leasehold. It continues according to its terms.