Rented Apartment Sold
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Question
Hello, I am renting an apartment for several years, and a year ago I signed a new contract for another two years and agreed to slightly increase the rent. Six months after that, the landlord sold the apartment. Now the new buyer is willing to continue renting but wants almost double the price I was paying. Do I have any right to demand a price I can afford, or am I obligated to leave the apartment?
Answer
Hello and blessings
The buyer stands in the place of the seller and is obligated to adhere to the seller's contract to continue renting the property for the agreed-upon time. Of course, both sides need to be heard, and the contract should be reviewed, but this is the general answer.