Ask a Canada Law Question, Get an Answer ASAP!
Hello! My name is***** you for your question. I'm reviewing it now, and will post back again shortly.
The lease cannot be broken by the old or new owners. It will bind the new owners.
So you will be in the same position with the new owners as you would with the old.If that were not the case then putting something in the lease now would not matter because if the lease did not bind the new owners it would not matter what it said.
Does that answer your question?
Please feel free to post back with any follow-up questions you may have. If you don't have any then I hope I have earned a 5 star rating but if you don't feel that I have please don't hesitate to reply back and let me know what more I can do to assist you. Finally, please know that even after you rate me I will be here for you and you can ask follow-up questions if you think of them later on at no further charge of course.
Nothing. A lease runs with the land and any new owner will know that. They can certainly offer to buy you out but you don't have to agree of course.
You are very welcome.
If we are done please rate me before you leave the site so that I can receive credit for my work.
Thanks and take good care.