Landlord Of 2-year Lease Wants Us To Move Out Halfway Through So They Can Sell The Property, Do We Have Any Leverage?
I’ve lived in my current rental for nearly a year, and we’ve got over a year left of the signed lease. This two year lease also locked in the rent, which is the only reason we agreed to it over a typical one year lease. However, the landlord wants to sell the property ASAP, and as such, have sent us an email offering to compensate us to move out by July 15 (less than two months from now) so they can proceed with the sale—they would not charge use June and July rent if we agree. This despite being told multiple times that their sale would have no effect on our lease, it would just transfer to the new landlord. Turns out (to no surprise) the new landlords want to move in and need us to move out.
For context, this is happening in Colorado.
However, this is an incredibly short time frame to find a new rental, pack all of our belongings, and move out. ALSO, there’s the issue that we got this rental at an incredibly reasonable price, and any similar rentals are likely $300-$500 more per month. By cutting our lease a year early and forcing us to find a new rental, we are likely to pay as much as $5,000 more in rent over the next year for anything similar.
I’ve gone through the lease and there is language around what happened if the TENANTS want to terminate the lease early, but nothing about if the LANDOWNER wants to terminate the lease. I’m wondering if there are state laws that would allow the landlord to terminate it at will (meaning we have no choice but to accept their “offer”), or if we are actually protected and have some more leverage to push back.
For the record, I will be looking for a lawyer on Tuesday, but was hoping to get some information over the weekend. Thank you!
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