What actions should be taken if the tenant is faced with changes ...?
…the ownership structure of the real estate he rents?
…the ownership structure of the real estate he rents?
Answer provided 22.06.2023 20:34
According to Part 1 of Art. 770 of the Civil Code of Ukraine, in the event of a change of owner of the leased item, the rights and obligations of the lessor are transferred to the new owner.
At the same time, in accordance with Part 2 of Art. 770 of the Civil Code of Ukraine, the parties may establish in the lease agreement that in the case of alienation of the thing by the lessor, the lease agreement is terminated.
Therefore, if the contract does not specify the circumstances provided for in Part 2 of Art. 770 of the Civil Code of Ukraine, then the change of the owner of the leased property is not a reason for either terminating the lease agreement or changing it.
The answer is informational and does not replace a full legal consultation. For a detailed analysis of your situation, contact a lawyer directly.