When an apartment building is sold, the existing leases are:

When an apartment building is sold, existing leases remain in full force and effect. This principle is rooted in property law, which protects tenants' rights. When a property is sold, the new owner is generally bound by the existing leases, meaning that any agreements made between the previous owner and the tenants continue to be valid and enforceable.

This continuity ensures that tenants do not face sudden displacement merely due to a change in property ownership. They retain the right to occupy their rental units according to the terms of their leases, including any provisions about rent payments, duration, and conditions of tenancy.

The options regarding notice to vacate or lease termination inaccurately suggest that tenants could be arbitrarily removed or that their agreements would automatically void upon the sale of the building. However, legal protections exist to prevent such harmful actions against tenants, emphasizing the importance of honoring existing contracts.