Good afternoon all,
I have a current commercial lease in place for my shop in a small complex of 4. The owner has recently put the complex on the market for sale. I've been told that the new owners must honour my lease at the same weekly rent and terms as set out in my contract.
Is this correct? Can the new owners purchase the property with vacant possession? Is there anything else I should be mindful of under Commercial Law?
Thank you in advance.
I have a current commercial lease in place for my shop in a small complex of 4. The owner has recently put the complex on the market for sale. I've been told that the new owners must honour my lease at the same weekly rent and terms as set out in my contract.
Is this correct? Can the new owners purchase the property with vacant possession? Is there anything else I should be mindful of under Commercial Law?
Thank you in advance.