Low rent at risk if apartment building sells
Will new owners honor tenant's $350 rent reduction?
By Robert Griswold, Wednesday, April 25, 2007.Question: Four years ago, my landlord agreed in writing to a $350 rent reduction on my one-bedroom apartment. The landlord is now very ill and there is a good chance the building may be sold. How do I ensure that I will continue to be able to pay my current rent and not have the new owners hold me to the rent agreed to on the original lease or otherwise raise my rent?
Property manager Griswold replies:
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