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Updated almost 17 years ago,
question about one year lease
Hey all, Im new to this forum and still kind of new to renting. My friends and I put down the sec. deposit for a house today and upon doing that, the landlord provided us with a copy of our lease we have yet to sign. I asked for a copy early so I could review it prior to signing.
Everything in it seemed fine to me except for one clause. It says that the lease can be terminated by the landlord if the house is sold by giving us a 30 day notice. This is a one year lease.
With this I have a couple questions.
If thats going to be the case, whats the sense in signing a one year lease? Why not do month to month? I dont logically see why anyone should sign a year lease when by the terms of the agreement, they could be asked to move out in a month. It seems to me like in this situation it would make more sense for a month to month lease. Is this standard in the rental market and if so, shouldnt this be something that is disclosed to prospected renters before they put down the deposit?
Also, one would imagine that some law would cover a topic like this, maybe stating the exact number of days you are legally given. Where would I find this information?
Just as an FYI, the house was listed for a few months and never sold.
Any and all help/advice would be appreciated!
Thanks