Receiving word that a rental unit is being put up for sale can create a lot of initial anxiety for tenants.  Tenants often don’t know what do expect during the process and are unsure about whether they will be forced to move, when showings can occur, and what will be expected of them by the new owner landlord.

As a tenant in both of the states of Washington and Idaho, you are generally protected through the terms of your existing lease.  The new landlord must adhere to the terms established in your lease agreement including having you retain rights to live in the premises, is unable to raise pre-existing rental rates, requires proper notice for entry, and must give proper notice to terminate or extend the lease term.

Your prior landlord will furnish you contact information for the new landlord, along with when and where to direct your rent checks.  Your new landlord should also contact you with their information so that you can easily contact them if needed.

The one aspect of this situation that can be a significant nuisance for tenants is accomodating showings to potential buyers.  Generally, tenants need to be given at least 1 day’s notice before a showing is to occur and showings must be scheduled during a reasonable time of day.  It is often easier for potential buyers to get a better sense of the property and its layout when the tenants are not present, but sometimes that is unavoidable.  Showings can reasonably take anywhere from 5 min to 45 minutes, depending on how much detail the buyer is focusing on.

Most aspects of your current living situation will not change if your unit is put up for sale in the middle of your lease.  However, once your lease terminates, be prepared for changes established by the new owner.  These may range from very small changes to your lease to significant rent increases or no option to renew the lease even if you are wanting to stay.  Please contact us if you have further questions.