When a landlord sells leased premises to a third party, any existing leases terminate automatically.

Name: When a landlord sells leased premises to a third party, any existing leases terminate automatically.
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When a landlord sells leased premises to a third party, any existing leases do not terminate automatically. The new landlord assumes the responsibilities and obligations of the old landlord, including honoring the terms of any existing leases.

When a Landlord Sells Leased Premises to a Third Party