Questions & Answers
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?
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!
