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Selling a tenanted property where the buyer will take over as the new landlord.....

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  • Selling a tenanted property where the buyer will take over as the new landlord.....



    The landlord sells the property to a buyer who is happy to continue renting it out to the existing tenants?(ie, well....on the S&P it is noted not in vacant position & their name details are written on the S&P) , and will take over the tenancy as the new landlord. Settlement is in mid of August over 90days to go.


    So in this instance does the current landlord need to give any notices to Tenant on periodic Tenancy or a statement signed between current landlord and Tenant suffice as they have been informed of the Sale and willing to continue with Tenancy on same conditions after the settlement too.

    And or if any formalities need completed other than transferring bond etc to new landlord and completing change of Landlord form. Say for an argument sake if the Tenants happened to give notice to vacate, which is 4 weeks within next 90days ,what /how .when should that need be addressed in this situation.

    Many Thanks for clarity.

  • #2
    Originally posted by Anita View Post

    The landlord sells the property to a buyer who is happy to continue renting it out to the existing tenants....
    The landlord details on the tenancy agreement need to be updated,

    as well as the details on the bond record held by Tenancy Services (if there is a bond).

    Contact details should be exchanged between the new landlord and tenants.

    The conditions of the tenancy are not affected in this scenario

    see
    https://www.tenancy.govt.nz/ending-a...ntal-property/
    Last edited by McDuck; 09-05-2021, 07:17 AM.

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