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I'm buying a new private property with existing tenancy. However, the seller informed that the existing tenant decided to exercise the diplomatic clause. The tenant cessation date falls after the completion date, so I will be taking over the existing tenant after becoming the legal owner. What could I do/ check to safeguard against any potential losses from this unfortunate event?
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3 Answers

Kelvin Tay
Replied
Hi Vin,

Good day to you.

To begin with, you should have already read the tenancy agreement before you enter into any form of purchase process.

So nothing changes except that you will take over the tenancy. You should do a pre purchase/completion inspection to understand what you will be taking over as it will free you from many misunderstanding or hassle when the tenant handover the place to you.

Do feel free to contact me if you have other questions or interested to buy, sell or rent out any properies. Have a great day.

Yours sincerely,
Kelvin Tay

Associate Group Director | Propnex Singapore
BSc Business Analytics
Dip. Building & Real Estate Management

wa.me/6598586898
https://r056543e.propnex.net
https://www.linkedin.com/in/kelvin-tay-3bbbaa76
https://www.facebook.com/KelvintayProperty/ Read More
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Eric Teo
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Aaron Chong
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Hi Vin,

I believe the best person to consult will be your law firm.

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