Hi everyone,
I need some advice regarding my housing contract and I'm not sure who to ask in real life.
So basically the flat I'm renting was sold last month by my lovely landlord to a property development company which bought the flat and my contract. Would I need to sign another contract with the company before I start paying rent to them? The previous tenancy agreement specifically states that the contract is between "[name of landlord] (HKID #) and [my name] (HKID #)".
The investment company, aka new landlords, texted me today to ask for the receipt of my rent payment, and when I called them to ask, they said they bought out my contract and hence I need to pay without signing a new contract that states the agreement is between us and not my old landlord. I also received a lawyer's letter a few weeks ago stating:
"... our client [the investment company] has purchased the above property from [landlord's name] subject to your existing tenancy... our client is now the legal owner and the landlord of the above property by operation of law."So in this case, do I need to sign a new contract with them so it's between the investment company and I, or is it okay to pay them under the old contract which has my old landlord's name since they bought it out?
THANKS! Sorry I know that was long and convoluted but I'd really appreciate any advice, or a point in the right direction.
In summary: flat sold by landlord to investment company who is asking for rent. Under law, do I need to sign a new contract or continue paying under the old one?