Question

An individual rents an apartment for one year. The landlord sells the building during the lease term. What effect does the sale have on the lease?

Answer 1

the sale will not have any effect on the lease

Step-by-step explanation:

Based on the information provided within the question it can be said that the sale will not have any effect on the lease. This is because the lease is a pre-designed contract and gets transferred as is on the sale of the building, and can only be changed or adjusted on the renewal date. Therefore the sale of the building from one owner to the other will have no effect on the lease that is already in place.