Change Of Ownership Tenancy Agreement

You can apply for the lease if, on the day of your death, you have lived with the tenant in the main dwelling for at least 12 months. You must also be the deceased tenant You will check your application and let them know if they agree to grant a common rent. All tenants must sign a new lease if the lessor accepts the joint tenancy agreement. Once the property has been transferred to the tenant, the rights and obligations of the leaseholder are transferred to the new owner of the property under the law of the obligation. This means that if you. B have moved into a rented apartment as a tenant, the apartment is in your possession and the rental agreement is automatically transferred to the new owner. If the new owner wants to enter into a new lease with you after the purchase of the apartment, it is really not necessary. Such a topic may be on the agenda, for example, if the new owner wants to change the terms of the contract for you – for example. B, to increase the rent. If you do not wish to enter into a new contract, the new owner of your apartment only has to accept the situation or terminate the lease. As a general rule, an open lease can be terminated with 3 months` notice.

However, a fixed-term lease can only be terminated for a good reason – for example, if the tenant pays the rent for three months of delay. If you want to transfer your lease to someone, you must write to your landlord. It`s a lease. You are not entitled to this type of assignment. Your landlord may authorize an assignment in exceptional cases. They give you a written decision. It is also important that the new owner of the property has the right, in the case of renting a residential and commercial space, to terminate the lease only if he or she urgently needs it. In the case of an apartment. B, this may mean, for example, that the new owner must move in himself.

However, if the new owner of the apartment has purchased it for investment purposes, it is very likely that they will not need the apartment itself and will not be able to terminate the lease with you. A change of ownership is a significant change to a lease agreement.