Am I liable for august rent payment if I’m granted a 30 day notice on july 1 st?

Typically, the seller has a lawyer draft the purchase agreement. Disclaimer - This information is provided for general informational purposes only. No information contained in this post should be construed as legal advice and does not establish an attorney-client relationship.

I suggest you speak with a New York real estate attorney. That attorney needs to review the documents related to the transaction.

Please submit a proposal for lawyers to bid on.

In short, you would “step I to the shoes” of the prior owner. That said, you must be careful with your due diligence to make sure what your stepping into works for you.

Generally, an owner of property and the potential purchaser would use a Quitclaim Deed when there is no need to warrant or guarantee that the property is free and clear of liens. In other words, the seller does not warrant and guarantee that the property is free and clear of any and all liens. A common use would be when the property has been in the family and the transfer of the property is between family members knowing that there are no liens on the property and all taxes have been paid on the property.