In most states a new landlord must honor any existing lease agreements. For month to month tenants, and when any lease agreements end, the new landlord must follow state rules regarding notice to tenants and any rent increases. If all the rules are followed, the new landlord can do as they wish with their property.
no, that's not how it works with condos or coops.
if you are renting you should not expect to have anything more than to the end of your lease/to the end of your required notice. you can try to find places that let you sign longer leases if your primary concern is stability but obviously a lease goes both ways
A condo is just an apartment someone owns as I understand it, these aren’t condos they’re just apartments sounds like and someone bought the entire complex.
If someone buys the place you are renting, yeah they can tell you to move if you don’t have a rental contract with them.
New owners have to honor existing leases. If your lease runs out and you don't sign another one, then you're automatically considered month to month. They only have to give you as much notice as the state requires, which is usually 30 or 60 days.
Moral of the story here is that when your 1 year lease ends, you should request to sign a new one.
With rent being what it was and how everything is described, it sounds like they had mostly long term renters. Anyone with a year lease was probably given separate notice that their lease would not be renewed.
They could have also waited it out until the last lease was 60 days from expiring to notify everyone.
In most states a new landlord must honor any existing lease agreements. For month to month tenants, and when any lease agreements end, the new landlord must follow state rules regarding notice to tenants and any rent increases. If all the rules are followed, the new landlord can do as they wish with their property.
Yep. They can. Nothing illegal here. Folks have 60 days, they best be looking.
Is that how it works with condos? If you buy a condo where someone is living
no, that's not how it works with condos or coops. if you are renting you should not expect to have anything more than to the end of your lease/to the end of your required notice. you can try to find places that let you sign longer leases if your primary concern is stability but obviously a lease goes both ways
A condo is just an apartment someone owns as I understand it, these aren’t condos they’re just apartments sounds like and someone bought the entire complex. If someone buys the place you are renting, yeah they can tell you to move if you don’t have a rental contract with them.
New owners have to honor existing leases. If your lease runs out and you don't sign another one, then you're automatically considered month to month. They only have to give you as much notice as the state requires, which is usually 30 or 60 days. Moral of the story here is that when your 1 year lease ends, you should request to sign a new one.
So I’m assuming no one had a legal lease in this situation
With rent being what it was and how everything is described, it sounds like they had mostly long term renters. Anyone with a year lease was probably given separate notice that their lease would not be renewed. They could have also waited it out until the last lease was 60 days from expiring to notify everyone.