Sale of Rental Property: What if my landlord sells the property?

Normally the voluntary sale of the leased premises by your landlord will not terminate your lease.

If the buyer of the property actually knows (or should have known) of an existing lease with the tenant, the buyer will be bound by the same terms and conditions of the lease. So if a buyer knows (or should have known) that you have a 1 year lease with 5 months still to go, s/he must still honor that lease.

Where the tenant is living in the apartment at the time of the sale, the buyer is presumed to have known about the lease and cannot avoid his/her responsibilities under it. In this case, the landlord-tenant relationship continues at the same rental rate and for the same period with the buyer merely substituted as the new landlord.

My apartment complex is being converted into Condominiums. What can I do?
You may have certain rights and privileges when this happens. (Conversion to Condominium Ownership)

My apartment complex is being foreclosed upon. Do I have to move out?
You have certain rights that may protect you when this occurs. (Foreclosure of the Property)

My apartment complex is being sold because of taxes owed by my landlord. What do I do?
If the property is to be sold, you may be evicted regardless of your lease. (Tax Sale Notification)

My landlord is offering me a “lease option agreement.” What is it, and should I accept it?
Basically, this is an option to purchase some interest in the property you are renting. (Lease Option Agreements)