Buying an investment property that is already rented out

When an apartment with an existing lease is sold, the existing lease agreement is, in principle, transferred as such to the new owner because the sale does nullify the lease. The new landlord has no right nor responsibility to enter into a new lease agreement. This also concerns other so called ’voluntary’ assignments or transfers (exchange, gift, inheritance).

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When an apartment with an existing lease is sold, the existing lease agreement is, in principle, transferred as such to the new owner because the sale does nullify the lease. The new landlord has no right nor responsibility to enter into a new lease agreement. This also concerns other so called ’voluntary’ assignments or transfers (exchange, gift, inheritance).