Does renter have recourse when condo is sold?

  • by: KELLY KLEIN
  • Updated: May 23, 2014 - 3:01 PM

Q: I have been renting a condo in Minneapolis through a management company. The company recently contacted me about renewing my lease for another year, in advance of my 60-day notice period. The owners and I came to an agreement on a rent increase and to renew the lease for an additional 12 months running from May 1 through April 30, 2015. The management company then sent me an addendum to sign, but contacted me the next day and asked me not to sign the addendum because the owners wanted to show the condo to a buyer. The owners are allowed to show the condo if they are within the 60-day notice period. They gave me a 60-days notice to terminate my lease so a potential buyer could see the condo on March 1. Before March 1, this condo had been listed as a pocket listing, the requirement being that an investment buyer who would honor my lease could purchase the condo. The pocket listing was shared with a buyer who wants to live in the unit. When the owners were made aware of the buyer who wanted to live in the condo, that is when they gave me a 60-days notice to terminate the lease, despite having just sent me a written addendum to renew the lease. Do I have any rights or recourse in this situation?

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