Hi Cathy, the sale of the unit went through July 9th - we'd paid our July rent to the old owner, and have "met" the new owners via email. They said they would let us know about what to expect and get back to us - its been over a week
If the sale has gone through, but no notice to vacate I'm assuming we're going to receive a new lease. How long can we continue under our old month-to-month rent - do we have a grace period under the old lease?
Does the 10% CA rule protect under a change of ownership? We still have not gotten notice to vacate.
Thanks.
No reason to assume you'll be getting a new lease. You might, you might not. The new owner can continue to rent to you as a month-to-month tenant without a new agreement; or he can ask you to sign a new monthly rental agreement; or he can ask you to sign a new 12-month lease. There's just no way to know what he will do until he tells you.
Change of ownership is not a sufficient reason to raise rent by more than 10%, but as I noted previously, there are exceptions and I have no way to know if any of them apply to your rental unit or your new landlord. This is why you should talk to a tenants rights organization and get some free advice. They can ask you questions about your living situation and collect enough info to be able to give you accurate answers.