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Procedure in case property on lease has been sold to another party
07-Oct-2023 (In Landlord/Tenant Law)
Hi, we are in a house for lease however the owner has sold the house for another person and our lease agreement is valid till 2019. will new owner settle our lease amount?
You cannot be evicted without being given a legal notice by your landlord. Just because the owner is selling, it doesn’t mean that you have to move out of the property. Your tenancy agreement still remains in place and has to be terminated in the proper way.
If you have a current fixed term tenancy agreement you cannot be required to vacate before the end of the fixed term. If the property is sold while you are still living there, the new owner purchases the property subject to your tenancy and takes over the rights and responsibilities of your previous landlord. This means the existing terms and conditions of your agreement still apply (including the amount of rent that you pay, how and when you pay it, and the expiry date of the fixed term).
If you have a current fixed term tenancy agreement you cannot be required to vacate before the end of the fixed term. If the property is sold while you are still living there, the new owner purchases the property subject to your tenancy and takes over the rights and responsibilities of your previous landlord. This means the existing terms and conditions of your agreement still apply (including the amount of rent that you pay, how and when you pay it, and the expiry date of the fixed term).
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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