Home is located in Texas. Our lease for the home we are renting ends on Nov. 30th, 2017. We were notified by phone today that the owner intends to sell the home in September. Looking over our contract, I'm not finding anything that states we can be forced out prior to our lease ending on Nov. 30th, 2017 by way of selling the home. In section 4 it does state they are required to notify us within 90 days of the lease terminating that they will not be renewing the lease. However, this section, in my belief does not state that can end the lease early.
In fact, section 28 does not list "selling" the home as a reason to terminate the lease. As I understand it, they can sell the home but we are allowed to stay in it for the length of our contract. Am I reading this correctly?
Section 4: AUTOMATIC RENEWAL AND NOTICE OF TERMINATION: This lease automatically renews on a month-to-month basis unless Landlord or Tenant provides the other party written notice of termination as provided in Paragraph 4A. Oral notice of termination is not sufficient under any circumstances.
4A:This lease automatically renews on a month-to-month basis unless Landlord or Tenant provides the other party written notice of termination not less than: 90 days before the Expiration Date.
Section 28:"EARLY TERMINATION: This lease begins on the Commencement Date and ends on the Expiration date unless: (i) renewed under Paragraph 4; (ii) extended by written agreement of the parties; or (iii) terminated earlier under Paragraph 27(default), by agreement of the parties, applicable law, or this Paragraph 28. Tenant is not entitled to early termination due to voluntary or involuntary job or school transfer, changes in marital status, loss of employment, loss of co-tenants, changes in health, purchase of property, or death."
In fact, section 28 does not list "selling" the home as a reason to terminate the lease. As I understand it, they can sell the home but we are allowed to stay in it for the length of our contract. Am I reading this correctly?
Section 4: AUTOMATIC RENEWAL AND NOTICE OF TERMINATION: This lease automatically renews on a month-to-month basis unless Landlord or Tenant provides the other party written notice of termination as provided in Paragraph 4A. Oral notice of termination is not sufficient under any circumstances.
4A:This lease automatically renews on a month-to-month basis unless Landlord or Tenant provides the other party written notice of termination not less than: 90 days before the Expiration Date.
Section 28:"EARLY TERMINATION: This lease begins on the Commencement Date and ends on the Expiration date unless: (i) renewed under Paragraph 4; (ii) extended by written agreement of the parties; or (iii) terminated earlier under Paragraph 27(default), by agreement of the parties, applicable law, or this Paragraph 28. Tenant is not entitled to early termination due to voluntary or involuntary job or school transfer, changes in marital status, loss of employment, loss of co-tenants, changes in health, purchase of property, or death."