10/23/2026
A change in property ownership does not automatically end an existing lease. In most ordinary sales, the new owner takes the property subject to the current lease and assumes the previous owner's responsibilities.
For a resident, that generally means rent, lease terms, and end date stay in place, though the point of contact may change. For an owner purchasing an occupied property, it means reviewing and inheriting the existing lease β not just the property itself.
Exceptions can apply, including certain foreclosure situations and local rules, and notice requirements vary by location.
At KNJ Real Estate, we make ownership transitions as clear and smooth as possible for everyone involved.
If your property has changed hands before, was the transition communicated clearly?