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Introduce Yourself / Commercial Lease
« on: November 08, 2013, 03:09:50 PM »
Greetings all, 1st timer on here.
Looking at a commercial property with a tenant (lease details I do not know)
Is this lease still in effect after successful tax sale?
I know on a residential Power of Sale by a Bank, the Buyer must assume Tenant, as the Residential Tenancies Act supercedes the Mortgage Act.
Thanks for your help.
Cheers,
RichVG
Looking at a commercial property with a tenant (lease details I do not know)
Is this lease still in effect after successful tax sale?
I know on a residential Power of Sale by a Bank, the Buyer must assume Tenant, as the Residential Tenancies Act supercedes the Mortgage Act.
Thanks for your help.
Cheers,
RichVG