Question: I am starting to look for a new rental house for myself. I am worried about moving into a rental that is later sold to a new owner during my lease term. This happened to me once before. What are my rights as a tenant if the house is sold?
Answer: Your rights in the case of a regular sale of the property depend on the type of rental agreement you have.
If you have a month-to-month rental agreement, the new owner, just like the previous owner, can give you a 30-day notice of termination if you have been a tenant for less than a year and a 60-day notice if you have been a tenant for more than a year.
On the other hand, if you have a lease, the sale of the property does not terminate your lease. The new owner must honor the remaining term of the lease period. If you are worried about a possible sale, a lease is a better option for you.