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Joshua
Joshua, Lawyer
Category: Property Law
Satisfied Customers: 26070
Experience:  LL.B (Hons), Higher Prof. Dip. Law & Practice
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If a property is tenanted and it is sold. if the lease is still

Customer Question

If a property is tenanted and it is sold. if the lease is still in hte name of hte old owner can the new owner enofrce the lease
Submitted: 4 years ago.
Category: Property Law
Expert:  Joshua replied 4 years ago.

Josh-2010 :

Thanks for your question. Please kindly RATE my answer when you are satisfied

Josh-2010 :

Is this a residential or commercial property please?

Expert:  Joshua replied 4 years ago.
hello
I understand you have experienced difficulty with the chat window.

My apologies for any inconvenience experienced.

Could you tell me is this a residential or commercial property please?
Customer: replied 4 years ago.

Commercial

Expert:  Joshua replied 4 years ago.
Thanks. The new freehold owner takes the property subject to and with the benefit of the existing lease. In other words he is bound by the lease (e.g. he cannot simply throw the tenant out) but also benefits from the lease - e.g. the right to receive rent.

He effetively stands in the shoes of the landlord named int he lease. There is no need to update the lease document and the new owner can enforce the provisions of the lease as readily as the original landlord could as the new owner.

Is there anything above I can clarify for you?