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0 tracked cards Real Property

Landlord leases a store to Tenant for five years. One year later, Landlord sells the building to Buyer and assigns all landlord rights under existing leases.
Who is generally entitled to collect future rent from Tenant?

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The tenant becomes owner of the building when the landlord sells the reversion. The old landlord remains entitled to all future rent because the original lease named the old landlord. After the landlord transfers the reversion, the new owner generally succeeds to the landlord's rights and obligations that run with the leasehold estate, including future rent. The new owner can collect future rent only if the tenant signs a brand-new lease.

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