I am looking at a property which is currently being sold subject to existing tenancy but the tenant is on an expired lease.
The vendor will not agree to alter to vacant possession.
If I signed and exchanged with the existing contract, is it possible for a vendor to entertain into a new lease contract with a tenant after exchange and prior to settlement?
This would obviously bind me to a term I don't want and at a rental return I don't accept. Or is there legislation which prevents this?
The vendor will not agree to alter to vacant possession.
If I signed and exchanged with the existing contract, is it possible for a vendor to entertain into a new lease contract with a tenant after exchange and prior to settlement?
This would obviously bind me to a term I don't want and at a rental return I don't accept. Or is there legislation which prevents this?