- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (9)
Best Answer
- Al Geffon, "A True Professional"
- Contributions:18
This is precisely why I don't usually show property under lease to any buyers other than investors. As a rule, the lease must be honored ... and any other arrangement can have significant legal ramifications. Simply put, it's best to avoid it, unless the buyer wishes to become an instant landlord.
- Stephanie Crandell, "Stephanie Crandell"
- Contributions:1
Definitely. A rental agreement made prior to a purchase agreement will take priority and all agreement thereafter are subject to the lease.
- Kyle Baird, "Kyle Baird"
- Contributions:72
Yes.
- Lauren Gilstrap, "Lauren Gilstrap"
- Contributions:3
Yes, the new owner would have to honor the lease until the end of the term.
- Tommy Pennington, "Tommy Pennington"
- Contributions:236
In Texas if a home sells and there is a lease in place, the lease survives closing and the lease agreement continues on as normal. FYI.. The new owner should be given a credit at closing also for the deposit money that you paid the original owner. Once you move out, the current Landlord (owner) should refund the money if you leave the rental in the shape you found it.
- Shweta Pai, "REGreen"
- Contributions:4
Yes, it can very much be sold. It is better to have an Attorney go thro' the paperwork and also inform other parties involved in the deal about the original lease.
- Whit Suber, "Top Broker in SC"
- Contributions:165
Yes. In fact most leases remain in effect even upon sale. If the lease does not contain such language and you wish it to remain, consult an atty and have the language written into the deal.
- Lisa Thompson, "Summerville Realtor"
- Contributions:256
In South Carolina, yes.
Yes. In fact, without some kind of agreement with the renter, you would have to sell it with the lease in place. The lease predates the sale, and the buyer would generally have to honor it.
Can a house under lease be sold with a binding condition to honor the terms of original lease?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.