2 Answers

askguru expert
Hi Anonymous, thanks for writing to us on AskGuru.

Yes, you can via a process called novation. A novation transfers both the rights and obligations under the contract to another party. A novation may be executed in a situation where you transfer all the tenancy rights and obligations to an incoming, replacement tenant, with the consent of the landlord. In short, a novation replaces the original party with a new party.

For a valid novation, there must be the following conditions:
1. all parties must assent to novation,
2. there must be a previously valid contract,
3. the duties provided for in the contract be extinguished immediately, and a new, enforceable contract need be created

In your case, you find a new tenant with your landlord’s consent. Then, a novation agreement is signed with the incoming tenant taking over the obligations of the tenancy.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

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Aaron Chong
Hi, you will have to seek the landlord’s approval.

Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg Read More

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