Do landlords have to inform tenants about a property sale

[Wendy Gu]

I am thinking to sell a commercial building with a tenant. Do landlords have to inform tenants about a property sale? Will the sale affect the relationship with tenant in a bad way? Or tenants won't care if the new owner keeps the lease unchanged?

thanks you for your answers in advance

[JD Martin]

Originally posted by @Wendy Gu:

I am thinking to sell a commercial building with a tenant. Do landlords have to inform tenants about a property sale? Will the sale affect the relationship with tenant in a bad way? Or tenants won't care if the new owner keeps the lease unchanged?

thanks you for your answers in advance

 I guess it depends on your local/state laws. Here you don't have to tell anyone anything, but the lease terms that your tenant has are assumed by the new owners. As for how the relationship with the tenant will be, since you won't own the property any more I'm not sure why you would care. The new owner will have to abide by whatever terms exist now, and once that lease is up they can do what they want.