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I want to purchase a starter home in Pennsylvania. The owner…

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I want to purchase a...
I want to purchase a starter home in Pennsylvania. The owner has an existing lease for her detached garage to her neighbor to store two cars until the year 2026. She collected the total lease amount. As the buyer, do I have to honor the lease.? Thank you for your time.
Submitted: 3 years ago.Category: Real Estate Law
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5/20/2015
Real Estate Lawyer: Richard, Lawyer replied 3 years ago
Richard
Richard, Lawyer
Category: Real Estate Law
Satisfied Customers: 57,207
Experience: 32 years of experience as lawyer in Texas. I'm also a Real Estate developer.
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Hi! My name is ***** ***** I look forward to helping you!
Unfortunately, unless the lease contains a specific provision allowing a termination in the event of a sale, a sale of the property does not terminate the lease. Rather, as the new owner, you would be taking ownership subject to this lease. So, if you don't want to be encumbered by the lease, you will need your seller to negotiate a buy-out of this lease prior to your purchase of the property.
This is the part of my job I don't like...when the law is not in favor of my customer. I wish I could tell you a sale terminated the lease automatically, but, I can only provide you information based on the law so that you can act on the best available information to you. ………..I wish I had better news, but can only hope you recognize and understand my predicament and don't shoot the messenger. I'm sorry!
Thank you so much for allowing me to help you with your questions. I have done my best to provide information which fully addresses your question. If you have any follow up questions, please ask! If I have fully answered your question(s) to your satisfaction, I would appreciate you rating my service as OK, Good or Excellent (hopefully Good or Excellent). I thank you in advance for taking the time to provide me a positive rating!
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Richard, Lawyer
Category: Real Estate Law
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Experience: 32 years of experience as lawyer in Texas. I'm also a Real Estate developer.

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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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