Why do they have to do this to us now?? :(

[Visitor7]

Anyway.....after all that rambling I do have a question for anyone who knows about Real Estate.
If the property sells, will that cancel out the current real estates responsibility of managing the property seeing as it will have different owners and different selling real estate therefore cancelling out us having to give 3 weeks notice?
Hmmmmm, that's a very confusing question, I hope someone knows what I mean, LOL.

No. The lease agreement you have in place stays. So if you have a lease that expires in 12 months time, than they (the new owners and the real estate managing the property) have to honour it. Sometimes, a new owner will prefer vacant possession, and may offer you a payout to get you out earlier. You don't have to take it if you don't want to.

[Marlene]

The first lease we ever signed on this place was when me moved in 3 years ago, and it was only only a 6 month lease, so we only have to give them 21 days notice and they have to give us 28 days. It's more that I'm worried about paying double rent, but I suppose if it comes to it we will find the money somewhere.

I'm feeling a little better about it now, I just spoke to the selling agent and they have only had two people interested so far and both have been investors. Because it is a duplex I think it is not always something home owners want. There is someone coming through tomorrow who apparently only lives a couple houses away from us who is very interested (as an investor) so.....finger crossed!

[Rouge]

It must be different state to state. Check your lease for further information. Victorian leases state (and I'm pretty sure it says so in the rental act or whatever it's called) that if an owner wants to sell they must give the owners 90 days to break the lease. I've had quite a few friends caught by this.