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RealEstateAnswer, Lawyer
Category: Real Estate Law
Satisfied Customers: 28052
Experience:  10+ years in handling Leases, Landlord-Tenant, Foreclosures,Mortgages, and Eviction cases
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If I'm renting a house in Pennsylvania and I just signed a

Customer Question

If I'm renting a house in Pennsylvania and I just signed a one year lease, does the new owner have to honor it? And if so, can the real estate agent force me to sign a new lease before the house actually closes to the new purchaser?
Submitted: 2 years ago.
Category: Real Estate Law
Expert:  RealEstateAnswer replied 2 years ago.

Good morning. Yes, the lease would be valid as long as it was entered into, in good faith. The new owner of the rental property would step into the shoes of the previous owner and assume the role of the landlord and would need to honor the lease. The real estate agent can not force you to sign a new lease with different terms just because there is a new owner. Of course, you can do this if you want and negotiate it but if not, can rely on the lease that was executed prior to them owning the rental.

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Expert:  RealEstateAnswer replied 2 years ago.

I just wanted to follow up and see if you had any other questions or needed me to clarify something. I am here to help, so please let me know. Thanks!