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What happens when the property is sold mid-lease?

Dear Sir/Madam,

Does the existing tenancy contract between the tenant and the previous owner remain in force even after the new landlord has purchased the property in the middle of an ongoing lease?

And when should a new tenancy contract be made?

Should it be made immediately after the property has been sold, or at the end of the ongoing tenancy contract signed between the previous owner of the property and the tenant?

Also, does a new contract have to be in place for the tenant to exchange the cheques, or does the existing tenancy contract with the previous owner remain valid for the purpose of exchanging the cheques?

متميز
كي إتش إي للاستشارات القانونية
دردشة توظيف
اجتماع
3 Apr 2023, 20:54

Dear questioner,

Yes, the lease contract remains valid and continuous, including the same conditions for renewal or unwillingness to renew, along with the exchange of cheques.

متميز
محمد بني هاشم للمحاماة والاستشارات القانونية
دردشة
توظيف
اجتماع
4 Apr 2023, 08:58

Dear questioner,

According to the query, you can replace the remaining old cheques with new cheques.

Further, we need to know the matter in detail to give you proper advice.

Kindly contact us.

Thank you!

متميز
أميري محامون ومستشارون قانونيون
دردشة توظيف
اجتماع
5 Apr 2023, 22:13

A lease agreement is valid with the difference of the owner. A new lease must be made when the current lease expires. Payment terms do not differ when the owner is changed.

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