Topic: Landlord Wants to Sell My Apt; What Are My Rights?
Landlord Wants to Sell My Apt; What Are My Rights?
Hello! I live in a condo that I rent in Logan Circle. The condo is owned by an individual who has been renting it to me for about a year, and my lease is good through May 2014. This week my landlord told me he wants to try selling the condo this summer. I’m disappointed by this news, as I would prefer not to deal with any of this; I am happy with my living situation and would rather finish out the lease without this interruption. My landlord lives in Texas now, he moved out of DC a few months ago, so I will presumably have to do do all the showings myself, keep the apartment in showing-ready condition, and then possibly deal with a new landlord if he sells. What, if anything, can I do?
After reading some other forums on here, I got the idea to check and see if my landlord ever got the appropriate licenses and certificates for leasing my unit and I can’t find anything that says he did, so now I think I’m also living in an “illegal” apartment and I don’t know how that might factor in. I also found some info about right of first refusal but I’m not sure how that does anything other than slightly delay any possible sale. Our lease doesn’t say anything about who is responsible for what if he decides to try and sell the unit, but here are some seemingly applicable provisions that are in my current lease:
“Landlord warrants that Landlord will not be in violation of any Homeowner’s Association agreements or other legally binding contracts or applicable laws by renting the Condominium to Tenant according to the terms of this Agreement.” (ie, I thought this meant that he had followed DC laws when renting our apartment to us)
“If during the Lease Term Landlord sells the Condominium, Landlord shall make a condition to the sale that requires the Condominium purchaser to step into the shoes of the Landlord in this Agreement and be bound to all the terms of the Agreement in a capacity identical to that of the original Landlord who was a signatory to this Agreement. Also, if during the Lease Term Landlord sells the Condominium, Landlord shall transfer the entire balance of the Refundable Deposit to the any new landlord who assumes the role of “Landlord” in this Agreement.”
Does anyone have any advice or experience with a similar situation?