Many of us live in rental housing, and real estate investments are often made specifically for rent. But what happens to the lease if the owner of the property changes? What should the tenant, seller of the property and buyer of the property know? In this article, we will take a look at these issues within the framework of Estonian legislation. Disclosure of one of the parties: a standard termination clause available in any leave and licensing agreement. The termination method is applicable if the contract is terminated before the expiry of the leave and licence period. Undressing it before your lease is concluded can be exhausting, but there are many ways to try to end it prematurely. Read your rental to see if it contains a buy-back clause with details of what you need to do to terminate your lease prematurely. It can include your landlord`s advance announcement and payment of a tax, such as a 2-month rent. If you are unsure of the terms, ask your landlord for their interpretation of the agreement. Then follow the terms and conditions to terminate your lease. If your lease does not have a termination clause, go to your landlord to negotiate a termination.
You can offer your deposit as compensation if your landlord is not willing to agree to have you terminated. Keep in mind that any termination agreement must be written and signed by both parties to be legally binding. For advice from our legal co-author on how to use your state`s law to terminate your lease, read on! When purchasing a fixed-term lease, also make sure to check whether the lease is limited in time or indefinite. You can terminate the lease at any time without notice with a period of 3 months. However, you can terminate a fixed-term lease up to three months after the purchase of the property with a 3-month period. However, for residential or commercial premises, you can only terminate the lease if you have an urgent need for the property yourself. If you terminate the lease on this basis, the previous owner of the building is generally liable for the damage caused to the tenant by the termination of the lease. However, if, for example. B, there is a clause in the sales contract that states that you cannot terminate the fixed-term lease, this clause will not deprive you of that final right, but the previous owner can in turn claim damages.