Jade owns a loft that she leases to Keyes and Luc. If Jade sells the loft, Keyes and Luc
A)become the tenants of the new owner.
B)remain Jade's tenants until the end of the lease term.
C)must immediately vacate the premises.
D)become the landlord.

Question

Quizplus · Accepted Answer

When a property is sold, the lease agreements are typically transferred to the new owner, making the tenants the new owner's tenants. The lease terms agreed upon with the previous owner (in this case, Jade) remain in effect until the lease expires.

Jade Owns a Loft That She Leases to Keyes and Luc