Rules of Selling an Estate which has been Bonded
Issue No.1788- The landlord may sell a property that has been leased out to another person; the lease contract is not rendered invalid and the lease holder is entitled to utilize the property during the period of lease. However, if the buyer does not know that the property has been leased out or has purchased it under the thought that the period of lease is short he can rescind the transaction when he realizes the case of the lease.
