My Landlord is selling, and wants to raise rent

[Yannick W.]

Hello

I'm currently in a position where I have signed a 6-month fixed term lease, paying $800 per month (effective January 1 2016) - with a three-month termination notice clause. My landlord is interested in selling the property, and the prospective buyer wants to raise the rent to $1000 (which is fair market value), and my current landlord wants to know if I would agree to the rent-raise for the remainder of the lease, in order for the sale to complete.

My landlord is concerned that the sale will not close if I don't agree to the rent raise; however, in the interest of fairness - I did sign the lease with the legitimate expectation of paying $800 per month for 6 months. I am also wary that the landlord is a family friend, and I don't particularly want to sour relations, in the event that I decline and the sale doesn't close.

Any advice would be appreciated.

[Jeff B.]

He can't do that - - your lease is enforce for it's entire term, regardless of when the escrow closing occurs.  The new landlord is STUCK with those terms until the lease expires. THEN he can raise the rents.

The other choice would be to BUY YOU OUT.

If he attempts to evict, lookup NO FAULT EVICTION