Rentals

April 11, 2024

Does a lease transfer in the state of Connecticut?

When dealing with the sales of multi-family buildings in Connecticut, I often find that landlords and tenants have misconceptions about what happens to a lease when a property sells. It is important to know that a lease always transfers. When a property is sold the new landlord must honor the …

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Posted in Multifamily, Rentals
April 11, 2024

April 2024 Rental Property Market in Torrington, Connecticut

The multi-family housing market in Torrington remain strong for the month of April 2024. There are currently only three active multi-family listings on the market in Torrington one price at 275,000 another at 289,000 and a three unit at 375,000. Some properties are receiving 10 offers. Buyers …

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Posted in Market Updates, Rentals