Tenant Rights When Landlords Sell

The real estate market is fluctuating, and many landlords suddenly list their properties during the lease period. Tenants are most worried about two things: "Will I be evicted immediately?" and "Is my deposit safe?" The following four frequently asked questions help tenants and landlords clarify their responsibilities and reduce disputes caused by sudden handovers.

If the lease is not yet due, but the landlord suddenly sells the property, do I have to move out immediately as a tenant?

If the lease has not yet expired and the landlord decides to sell the unit, the general practice is "transfer with lease". The new buyer must take over the original lease, and the tenant can continue to live there under the original terms. Conditions such as rent, lease term, and deposit remain unchanged, and the tenant does not need to move out immediately.

Is the lease still valid under the new owner? How is the deposit handled?

During the lease period, the new buyer does not have the right to unilaterally terminate the contract. As for the deposit, the old owner should transfer the full amount to the new owner. Before paying the rent, tenants should request the property transfer documents to confirm that the deposit has been safely transferred.

• If the lease exceeds 3 years and is not registered at the Land Registry, the new owner can theoretically claim ignorance of the lease. But in reality, buyers usually know whether the unit has tenants
• The old owner's promise to return the deposit is a "personal promise". The old owner usually transfers the tenant's deposit to the new owner to ensure that the new owner has the money to return the deposit when the lease ends
• Tenants should confirm with the old owner or the new owner whether the deposit has been transferred to protect their own rights

If the landlord is in a hurry to terminate the lease early, can the tenant get compensation?

If the lease is for a fixed term, the landlord needs to reach a written agreement with the tenant for early termination. The tenant can reasonably request compensation, such as relocation costs and the difference in rent. After both parties reach a consensus, it is recommended to sign a simple agreement to avoid future disputes.

Can the new buyer evict the original tenant? If the buyer buys it for self-use and wants me to leave?

Under normal circumstances, the new buyer cannot evict the original tenant privately, at least until the original lease expires. The tenant still has the right to occupy according to the original lease. If the buyer needs to take over the property earlier, they should negotiate amicably with the tenant or wait until the lease expires before taking over the unit.

If you are looking for a place to live in Hong Kong, why not try our LetsGetHome Golden Key House rental platform!

Rent a place｜Study in Hong Kong https://www.letsgethome.com/zh-HK/blog
Free self-service listing https://www.letsgethome.com/zh-HK/listings/new