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0 tracked cards Real Property

Landlord leases a store to Tenant for five years. One year later, Landlord sells the building to Buyer and assigns all landlord rights under existing leases.
Who is generally entitled to collect future rent from Tenant?

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The lease automatically terminates when the landlord sells the building. After the landlord transfers the reversion, the new owner generally succeeds to the landlord's rights and obligations that run with the leasehold estate, including future rent. The tenant may stop paying rent because the tenant did not choose the new landlord. The new owner can collect future rent only if the tenant signs a brand-new lease.

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