A tenant learns her building has been sold to a new landlord. The sale of the property
a. Automatically terminates all preexisting leases.
b. Automatically renews the lease for an additional term, although the tenant has the option of declining the renewal.
c. has no effect on existing leases, and the tenant must make timely rent payments to the new owner.
d. terminates the lease, but the tenant is entitled to a legal holdover tenancy for the remainder of the lease term.
Answer: c. has no effect on existing leases, and the tenant must make timely rent payments to the new owner.
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