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After A Foreclosure, Can My New Landlord Of My Rent-Controlled Building Change The Terms Of My Existing Lease?

No, the new owner or owners of your rent-controlled building will be subject to the terms of your lease agreement and won’t be able to change them until the end of the lease.

This is a very important part of tenancy law in New York – that the agreement you sign is binding, even if the other party sells the building to a new owner, or the other party can’t keep up with payments and the building goes into foreclosure.

The new owner will almost certainly know this, but if you believe your rights are being trampled after your building is foreclosed upon, call the attorneys at Zelenitz, Shapiro & D’Agostino at 718-599-1111.

We work with our clients to ensure that new landlords respect the existing agreements that govern their conduct, and live up to the responsibilities they inherit in the building’s leasing agreements.