Hi guys and happy new year!
I am living in a subdivided flat in an old 5 stories walkup building.
My landlord gave me notice that all apartments were bought by an investor and that they are planning to build a new house in 6 months on the land which the old walkup is on.
I am currently on the second half on my 1/1 year tenancy contract and I could move out with one month notice.
My landlord promised me that there will be an agreement that the investor (my future landlord) will not be able to break my lease for 6 month because its an agreement made between the investor and the landlord. Further he recommended me that I should wait for the 6 months to pass until the investor really wants to get us out, because they would pay for my move and I could have some financial benefit from that.
I am now wondering if I should start lookin for a new flat or really wait first.
I am bit concerned that the new investor will not take care of the basic maintenance measures like cleaning staircases or ensuring that water and electricity works smoothly and that things are still safe.
Has anyone been in similar situation before and could share is experience? Or any other advise will be welcomed.