Asked by l***@gmail.com
We have just bought over a condo with tenancy. The agent who sold us the unit said that the owner is okay and likely to drag the completion to 4 months, however when we signed at the lawyers did we find out that he chased the sale to complete by 8 weeks. My question is, the tenant is leaving only 3 months after the transfer is completed. The amount of rent is not enough to cover our mortgage and rent. I read that the tenants need to sign a new tenancy agreement with us as new owners, can we also adjust the rent amount?
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