Eviction feared after landlord announces plans to sell

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DEAR BOB: As a renter, I have lived for two years in one unit of a two-family house. On Nov. 1, 2006, we signed a new two-year lease. But on Nov. 7 the landlord called to tell us he will be selling the property. Does the new owner have to honor our lease? Or are we out of luck? We've gotten the runaround from both the landlord and the Realtor selling the property. They don't seem to be showing the property to many investors, but instead mainly to families --Jessica J. DEAR JESSICA: Presuming your two-year written lease has no escape clause for the landlord, the new buyer of your property must honor the terms of your lease. Purchase Bob Bruss reports online. Just between us friends, your landlord must be very foolish to sign a new two-year lease shortly before he planned to sell the property. Few buyers will want to purchase that residence and have to wait two years to occupy it after your lease expires. You might want to study the lease to see what it says about the landlord and/o...