Unless the rent agreement stipulates an express provision for its termination upon the transfer of tenancy by the landlord, the eleven-month rental agreement assures payment of the same rent irrespective of change in the landlord.
However, if certain clauses are not mentioned in your rental agreement, you may have to execute a new rent agreement with the new purchaser of the property in which you are staying on rent.
It’s worth noting that such rent agreements should have adequate clauses to state that in case the licensor (landlord) desires to sell the flat, it would be subject to the rights of the licensee (tenant) under the rent agreement and that the new purchaser would execute a new agreement with the tenant on the same terms and conditions as the existing rental agreement.
Authors Of The Question
We want to buy a house but the earlier owner has already given house on rent with lock in period. Can we ask the tenant to leave after we purchase the house. Will his rent agreement be null and void after we purchase?
Ranjeeta Girish
144Views
2 Year
2022-07-02T17:59:13+00:00 2022-07-04T11:57:32+00:00Comment
1 Answers
Share