Our house is being sold
Had the first of 8 open for inspections tonight

Most people were fine but there was one real pig of a man who who was making some fairly inappropriate comments (like saying to my house mate that he was going to marry her and then when the REAs were packing up, saying he was going to stay and move in). He quite obviously knew some of the REAs and I get the feeling he could be a key player when the auction comes round. I really hope he doesn't turn up to more of the open nights. Having people like that looking at your stuff feels somewhat violating.
Hoping that whoever buys it wants to keep us there as I love the house and the location, but I know it will probably equal a rent hike. Does anyone know - if a house is sold and they still want to keep you as tenants, do they have to honour the terms of your current lease? And also is there any ceiling on the amount it can be increased when your lease expires?
Hey Kat, sucky situation and a jerk of a potential buyer hanging over your head like the sword of damocles can't make it any better
First question is, are you and your friends currently in a under a fixed term Tenancy Agreement recognised by Victorian law (i'm pretty sure you're in VIC now)
or have you left that period and entered into the floating post 12 month part of the agreement?
If you are in the fixed term then great. The landlord (current or otherwise) cannot terminate your agreement unless a) you as the tenant are in clear violation of the
terms of the agreement, or b) you as the tenant and the landlord have reached an agreement where by you agree to terminate the term the lease with an appropriate amount of notice, obviously this will involve you receiving reasonable compensation. Unless there is a provision of clause in your lease (you will need to check) then the tenancy agreement will carry through to the new owner.
If your near the end of the agreed term you can be served with a notice within the last 14 days advising that you have 14 days to clear out the premises.
If the sale goes ahead outside of the fixed term you may be asked to vacate the premises by the time the sale is finalised. They only need issue 30 days written notice after the contracts of sale have been entered into.
In terms of rent increases, once gain if you are in the fixed term part of your lease then your in luck. They will need to give you up to 90 days notice of an increase and that increase needs to be comparable and in line with the rent charged on similar properties in the same area.
If your out of it, then that could be limited to 14 days. The comparison test is typically the only limiter to rent changes. Your rights will come from the Victorian Civil and Administrative Tribunal. If you think the increase is excessive then lodge a complaint. The increase will then be frozen until the matter is resolved. The tribunal up hold the increase or revise it down. There have been circumstances in which the increase was so ridiculous that the tribunal has put a freeze in rent increases on that property for up to 6 months.
The best advice though is to stay in contact with your landlord and REA. As long as reasonable people with reasonable expectations are able to talk openly and negotiate - a reasonable outcome will be reached.