Payment Day Depends on Deal - Landlord Can't Change Lease Unilaterally
Sayed Iqbal Mohamed
Abstract
Sayed Iqbal Mohamed
Abstract
The new landlord steps into the shoes of the previous landlord and the agreement with the tenant continues uninterrupted. It is advisable for a prospective landlord to investigate if there is an oral (verbal) or written agreement to establish the terms and conditions between the seller/previous owner and the tenants. Attempts to introduce any change without the consent of the tenant would not be binding and enforceable.
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The new landlord steps into the shoes of the previous landlord and the agreement with the tenant continues uninterrupted. It is advisable for a prospective landlord to investigate if there is an oral (verbal) or written agreement to establish the terms and conditions between the seller/previous owner and the tenants. Attempts to introduce any change without the consent of the tenant would not be binding and enforceable.
Key concepts: Landlord, Lease, Payment, Business, Actuarial science, Finance, Law, Political science