How is a Tenant protected if the property is sold to a new owner?

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Ali Faizan Syed · Accepted Answer

The transfer of ownership to a new owner does not terminate an existing tenancy. The Tenant maintains the legal right to continue occupying the property under the same terms as the Lease Contract signed with the previous owner. For this protection to be valid, the contract must have a fixed date. This ensures that real estate transactions do not disrupt the lives or businesses of Tenants, providing stability in the rental market regardless of changes in the Landlord's identity or the property's title.

How is a Tenant protected if the property is sold to a new owner?

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Ali Faizan Syed