Which of the following is true of a transfer of leased property by landlords?
A) A landlord cannot sell the rights to receive rent.
B) A new owner-landlord can alter the terms of an existing lease during the term of the lease.
C) If the complete title is transferred, the property is subject to the existing lease.
D) If a valid lease contract expires, a landlord can sell his ownership interest in a property.

Question

Quizplus · Accepted Answer

If the complete title to the leased property is transferred, the new owner-landlord must respect the existing lease and cannot alter its terms. The lease will continue until its expiration date and then can be renegotiated or terminated. Option A is incorrect because landlords can sell the right to receive rent through an assignment of lease or other legal arrangements. Option B is incorrect because a new landlord cannot unilaterally modify the lease during the term of the lease. Option D is incorrect because a lease contract does not confer ownership rights on a landlord, and ownership interests in a property can be sold regardless of the lease's existence.

Which of the Following Is True of a Transfer of Leased