South Africa Law
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Is your lease in writing?
Yes JJ, confirmed I have a written lease.
The HUUR GAAT VOOR KOOP principle still is valid in this case. Absa can sell, but your lease will continue and a new landlord will have to take over the building with this lease. You will have to also look in your agreement, but it should state there that liquidation or death will not affect your lease.
There should not be anything to be concerned about.
What is the position when the property is placed on a public auction?
The legal position remains the same. Whoever will be byuing the place will have to understand tha there are existing legal agreements in place.
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