AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
The property I'm renting has been sold. In my lease I have a clause that says the current owner must transfer the lease in the event of sale of the property. I have just discovered the owner has sold the property and agreed on a contract which says the property will be vacant at the time of transfer. The new owner was not aware of the lease and cannot have a tenant due to their loan being for owner occupied. Where do we stand? Must we move out. Who and how should we be seeking compensation?
0 •
710 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Alan Low
Replied
Hi Kate,

I m not too sure you are referring to Commercial Property or Residential.
As you had mentioned "Loan being for Owner Occupied" which is normally used for Commercial Property.

Simple Action, engage a Lawyer to send a letter of Demand to Seller stating the Seller has to execute Specific Performance stated in the terms of the TA. It will cost you a mere $100-$150 for a letter of Demand.
Your lawyer will advise u the following up action to be taken.

Best Regards, Alan 91465252  Read More
0
Upvote Upvoted
  • KH
    Replied
    Thankyou. Yes it is a residential property. We have agreed to move subject to certain conditions but we are yet to see this in writing. A letter of Demand appears to be a good alternative if this falls through. Thanks again!
Able S.K Toh
Replied
----------------------------888-------------------------------------888----------------------------------------- 888-----------------------

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh>>9856 9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
1
Upvote Upvoted
Able S.K Toh
Replied
----------------------------888-------------------------------------888----------------------------------------- 888-----------------------

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh>>9856 9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
1
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions