Question
Leonard lives in a rented house in the town of Bougie, Indiana. The cost of the house is $1500 rent every month and Leonard has
Leonard lives in a rented house in the town of Bougie, Indiana. The cost of the house is $1500 rent every month and Leonard has a two year lease. The lease can be renewed at the end of the two years. The rent is paid every month and there are no problems between Leonard and his landlord, the owner of the house. At some point, about 14 months into the lease, the owner of the house sold it to his cousin, Bill. Leonard got a letter from Bill telling him that he is the new owner of the house and starting the following month, the contract for the lease on the house was going to be $2500. There is no way Leonard can pay $2500 a month so he told the landlord that it was too expensive. Bill said that Leonard had to start paying the $2500 or he would be evicted immediately. Please discuss the legal issues and which party would prevail.
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