Top Menu

What happens if a leased property is sold to another owner during the lease term?

In this situation, the terms of the lease will govern. The lease will continue to apply to the subsequent owner if so stated in the lease. Or the lease may require that upon transfer, the lease terminates and the existing owner compensates the tenant per the terms in the lease.

Posted in: Transfer, Sale and Sublease, Leasing

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone