I like this one apartment, but the apartment building is up for sale?

Should I not try to move to this apartment when the building is for sale? What things can happen? Like rent hikes, can the new owner kick out tennants? Or maybe if it doesn’t sell & goes to foreclosure?

Thanks.

Answers below in Comments Section

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3 Responses to “I like this one apartment, but the apartment building is up for sale?”

  1. Comment by Tigg

    Every tenant with a lease is safe whether the building sells or goes to foreclosure. Anyone buying the building wants all the apartments occupied

  2. Comment by kemperk

    tenancy-leases, go with apartments.

    Thus, whether you seek a month to month tenancy or a lease, you will get at least that
    long to stay AFTER the new owner takes over.

    IF you wish to have your rent amount protected, sign a lease.

    available to guide you further

  3. Comment by Susanne

    Yes, rent can go up, they can a couple of hundred dollars unless you got a lease. In some
    places, it is 30 day lease. Does your lease start first of the month? These are tricks of
    the leasing business. They can hold you two months of rent this way. I would go and look
    for a new place. Always travel light with furniture. You might go over a couple of
    blocks and get a beautiful apartment or a house. How about a house? Would you be
    interest in buying a home for yourself. Your equity would go up and you would have
    money for retirement later on in life. I have a lot of equity because I got a home.I don’t have to move.
    It is important that you don’t flow around in moving. I hate moving. Please look for new home
    and enjoy it. You can put a garden out back. Enjoy some vegetables like tomatoes and zucchini.
    You can sit in your yard and look at the stars.

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