Learning that your rental property is being sold can cause anxiety, but tenants have more protections than many realize. Understanding your rights helps you navigate this situation with confidence.
In most jurisdictions, a valid lease survives a property sale. The new owner assumes the role of landlord and must honor the existing lease terms, including your rent amount and lease duration.
Month-to-month tenants typically have fewer protections. New owners may be able to terminate month-to-month agreements with proper notice, which usually ranges from 30 to 90 days depending on local laws.
Your security deposit transfers to the new owner along with the property. The previous landlord is responsible for ensuring the deposit reaches the new owner. Document this transfer in writing.
Showing the property to potential buyers requires reasonable notice to tenants. Most states require 24 to 48 hours advance notice before anyone enters your apartment for showings.
Some cities and states have additional tenant protections during property sales, including right of first refusal, relocation assistance requirements, or extended notice periods. Research your local regulations.
If the new owner wants to renovate or move into your unit, they must follow proper legal procedures. They cannot simply force you out before your lease expires. Consult a tenant’s rights organization if you face pressure to leave prematurely.