I presently rent an apartment in a two family house in NY. Exactly what happens to my lease when the house is sold and new owners take over? Thanks in advance.
Well there are numerous possibilities so “exactly” requires clairevoyant ability.
It may be possible for the buyer to end the lease early,if they are going to move into the place.
The rent control , rent stabilisation and section 8 subsidy contral does ALLOW evicting the tennants for the purpose of moving in… (they might move in for only a week 
)
However, eviction is a court process and perhaps not as simple as calling in a pest exterminator. You are dealing with the court and then the sherriff …
If its a normal private lease, then the NYC provides tennants protection in that case. However I don’t know if the NYC laws with regard to tennants rights can be negated by lease terms. Presumably they do as every landlord would say “lease terminates upon sale”.
If the sale contract says that the place is sold empty , but the place is not empty, then the contract of sale is not valid, and it is still the vendors property,until it is emptied.
Also, surely the buyer does not HAVE TO evict the tennant.
Does the buyer want to keep renting it out ?
Does the buyer want to keep renting it out to you ?
The buyer might get a sale contract varied so as to not require the place be handed over “vacant possession”… no tennants.
So what it the place is sold tennants, and the tennants are outside of main end date of a lease, they just need 30 days notice, in NYC, by default tennant rights law. (the lease may provide a different notice period ,and I dont know whether that could validly set the notice period to be less, or more, than 30 days or not…)
So your quick question has no exact answer. There are four different lease situations you might be in , with different answers.There’s also vagaries such as whether lease terms override legislated protections.I assume they do not.
The lease must be honored by the new owner.
It’s my understanding that the lease is valid until it expires.
The new property owner may choose to renew it or not.
Just across the river, in NJ, I was given two weeks notice when the property owner sold the place to a relative. They wanted their “family” to live in my place. The day after I moved out, there was a “for rent” sign out front. This was in a heavily immigrant community, and I’m a pasty white guy. That seemed to be the cause.
Darn, I miss Brazilian food, though.
Did you rent or lease?
Leases are hard to break. I nearly got penalized for buying a house. I had to break my apartment lease. They were going to charge me until it rented.
Had my wife and I worried sick. We couldn’t pay rent and a mortgage. Thankfully someone moved in a week after we left.