Final answer:
When a landlord dies or sells the building, the lease does not automatically terminate. The lease agreement remains enforceable. The new owner or the landlord's estate becomes the new landlord.
Step-by-step explanation:
When a landlord dies or sells the building, the lease does not automatically terminate. The lease agreement is a legally binding contract between the landlord and the tenant, and it continues to be enforceable even if the landlord changes. If the landlord sells the building, the new owner becomes the landlord and assumes all rights and responsibilities under the lease agreement. If the landlord dies, the lease agreement is typically transferred to the landlord's estate or successor, who then becomes the new landlord.
It's important to note that some leases may contain specific provisions regarding the transfer of ownership or the death of the landlord. These provisions might outline the rights and obligations of both parties in such situations. It is recommended to review the lease agreement or consult with a legal professional to understand the specific terms and conditions regarding the effect of the landlord's death or the sale of the building on the lease.