Lena signed a valid two-year residential lease beginning February 1, 2026. Six months later, the landlord sold the property to a new owner. What is the usual result for Lena's leasehold estate?
Correct Answer
A) The buyer takes title subject to Lena's lease for the balance of the term
A valid leasehold interest is generally binding on a subsequent owner, so the buyer steps into the landlord's position for the remainder of the lease term. The sale transfers ownership of the reversionary interest, not the tenant's possessory rights.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
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