Illinois Leasing Agent Practice Exam

How can a tenant ensure their rights are protected after a change in ownership of the rental property?

1. By signing a new lease immediately

2. By contacting the new landlord for clarification

3. By reviewing existing lease agreements

4. By refusing to pay rent until addressed

The correct answer is: By reviewing existing lease agreements

A tenant can ensure their rights are protected after a change in ownership of the rental property by reviewing existing lease agreements. This approach allows the tenant to understand the terms and conditions that were initially agreed upon with the former landlord, including any rights related to the continuation of the lease, security deposit management, and any obligations the new landlord may have toward the tenant. Reviewing the lease is essential because it provides clarity on the rights and responsibilities that have not changed despite the ownership transfer. Many leases include clauses that specify how lease agreements are handled upon sale of the property, which can help the tenant ascertain whether they need to take any additional actions to protect their interests. Engaging directly with the new landlord for clarification can be useful but is secondary to having a solid understanding of the existing lease terms. Signing a new lease immediately may not be necessary or advisable before confirming how the current lease remains in effect. Refusing to pay rent can lead to potential eviction and legal issues, making it an unwise course of action in most circumstances.