This webinar, hosted by Shaun Luyt in collaboration with Ismaiel Mohamed, the director of Mohamed & Leon Attorneys, focuses on the complexities that arise when a rental property is sold and transferred during the term of a lease agreement. A specific case study is analysed to clarify all the intricasies that need to be borne in mind
Key points covered include:
- Landlord’s Right to Cancel the Lease: An in-depth discussion on whether a landlord can terminate a lease if they wish to sell the property or move back in, including relevant legal considerations and case studies.
- Implications for Rental Agents: The webinar explores what happens to the agent’s management commission when a property is sold before the lease expires, including scenarios where landlords seek refunds on paid commissions.
- Sales Mandates and Lease Conditions: Can the sales agreement require that the buyer continue with the existing rental mandate as part of the sale? This topic is explored through practical examples.
- Lease Clauses: A detailed analysis of key lease clauses, including whether certain rights of the landlord remain valid even if not explicitly included in the lease.
Attendees will have a greater understanding of best practices in lease agreements during property sales and how to protect the rights of all parties involved, as well as clarity on what happens to the rental mandate, the lease agreement and the tenant’s deposit on the transfer of the property. The webinar also includes significant engagement on specific real-world situations, making the session both informative and highly relevant to agents and landlords alike.
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We hope and trust you enjoy this episode!