Selling a property does not automatically terminate an existing lease agreement.
✅ What Happens to the Lease When a Property is Sold?
According to Turkish Law of Obligations, when a property is sold, the lease agreement is transferred to the new owner under the same conditions. The new owner is required to notify the tenant in writing about the change in ownership.
✅ Who Should Rent Payments Be Made to?
Before Notification: Until the new owner formally notifies the tenant, rent payments should continue to be made to the previous owner.
After Notification: Once the new owner provides official notice, the tenant must start making rent payments to them.
✅ Important Considerations for Tenants:
The tenant should ensure they receive an official notification before redirecting rent payments.
If the new owner does not notify the tenant and the rent is still paid to the former owner, the payment is considered valid.
Any new payment details should be confirmed in writing to avoid legal disputes.
Conclusion:
A lease agreement remains valid even if the property is sold. Tenants must be aware of their rights and obligations, ensuring they follow proper procedures when making rent payments after the transfer of ownership.
