I am a renter with a big question.

[Kristen Parker]

I hope someone can help me.
We have been renting from wonderful landlords for over a year. We rented the upstairs and moved to the downstairs last month. The bottom unit had been vacant for months.
They put the house on the market about 6 months ago, Listed as 2 family unit with one apartment ready for new owner to move in.
They recently rented the other apartment and told us it was going to newly listed as investor property.
Then told us last week they were taking it off the market all together.
My concern there hs been two showings since they said it was coming off the market for byers looking to move into the house and rent out the other apartment.
We do have a lease. What does this mean for us as renters? :roll:

[Jon Holdman]

The lease runs with the property. If the property is sold, you lease remains exactly the same as it is now. The new owner cannot unilaterally change any of the terms of the lease, nor can they terminate the lease.

Now, it is possible that the new owner would want to do something else with the property. You and the new owner could negotiate and come to some new agreement

When your lease ends, the new owner would be able to offer you a new lease.

Your security deposit should be transferred from the old owner to the new one. This doesn't always happen, though. That's not your problem. You should still get an accounting of your deposit and the return of any remaining deposit after charges (if any.)