NEW OWNER TRANSFER OR SALE Newsletters
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| lvl_evictions_-_new_own_note_to_tenants..._rel_09_15_2020.pdf |
New Owner (Change of Ownership) Notice to Tenants following a Transfer or Sale.
This is a forgotten, but serious requirement that every New Owner and Buyers Agent should pay attention to. Here is what happens. A New Owner (New Landlord) buys a property with an existing Tenant living there. New Owner/Landlord MUST notify existing Tenants of a change in ownership, who to pay rent to, where to pay rent, deposit transfer amount, etc. Hence... Lease, Rent, Deposits, etc. are now transferred to New Owner/Landlord.
This is a forgotten, but serious requirement that every New Owner and Buyers Agent should pay attention to. Here is what happens. A New Owner (New Landlord) buys a property with an existing Tenant living there. New Owner/Landlord MUST notify existing Tenants of a change in ownership, who to pay rent to, where to pay rent, deposit transfer amount, etc. Hence... Lease, Rent, Deposits, etc. are now transferred to New Owner/Landlord.
