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Re: landlord selling building...New Jersey

Posted by Anna on November 12, 1999 at 14:08:00:

In Reply to: landlord selling building... posted by claus on November 12, 1999 at 00:04:37:

: Just got a call from a real estate agent who wants to come by and show my apartment?!; turns out my landlord is selling the building.

: I live in NJ, have a month-to-month lease, as of Nov. will have been there 5 years. The building has 5 units plus 2 basement apartments.

: If I renegoiate a new lease with my present landlord (assuming she agrees) will this new lease be honored by the new owner?

: I know I would have to vacate after 30 days if issued an eviction notice in NYC, does this also apply in NJ? Can I be evicted?

: I thought it a bit strange to hear it from a real estate agent. I spoke with him a bit and he estimated that is would take roughly 4-6 months to sell the building, which whould give me time, but I really don't want to move and would like to stay a my present location with my present rent.

: Is there a "best" way to prepare or am I at the mercy of the new ownership?

: Any info and advice apprecitated.

: Thanks
: Claus

IF you had a written lease, the buyer would have to honor it. With an oral lease, either the seller or the buyer can give you a 30-day notice: did you try this listing? please let us know if it is helpful.

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