The building in which I rent an apartment has been sold to new owners. Does my tenancy agreement continue or do I have to make a new agreement with the new owner?

If you have a monthly, weekly, or annual periodic tenancy, the new owner automatically becomes your landlord with the same tenancy agreement. This will also be the case if you have a fixed-term tenancy for up to three years. A lease agreement for a fixed term of over three years in length has to be noted by a note called a caveat on the certificate of title of the building in order for the new owner to be bound by the lease agreement. However, if the new landlord accepts rent from you in that situation, he or she may be taken to have confirmed your tenancy.

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November 2004 More Renting a Place to Live FAQs:

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