i am in united kingdom ,london . i rented this flat with a one year agreement . now it is sold to another person. is my agreement still valid? will something change?
2006-11-30 01:29:50 · 2 answers · asked by sedoline82 1 in Business & Finance ➔ Renting & Real Estate
The agreement that you have from the first landlord is now invalid so you will have to find another flat
2006-11-30 01:32:59 · answer #1 · answered by Bella 7 · 0⤊ 1⤋
You may remain there until your lease is up. Once your lease expires, the new owner may take posession. When someone purchases a property, they are subject to any existing leases and MUST honour them through the expiry date.
Under an assured shorthold tenancy, you generally have a right of posession but the owner can put you out if they wish to occupy it themselves or place a family member there.
Check with the local CAB; it's been a while since I was a tenant in the UK and things may have changed a bit since then.
2006-11-30 09:34:47 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋