Lease termination due to sale of property, tenants have not taken possesion of property

[Zigner]

The sale of a property does not change the lease unless it is mentioned in the lease. You can't break the lease that the tenant has signed. But you can request the tenant.

C'mon man! Don't leave us hanging!

 

[reenzz]

For a contract to be legally binding it must contain four essential elements:

• an offer
• an acceptance
• an intention to create a legal relationship
• a consideration (usually money).

Without some sort of consideration, I can't see how the lease is legal.

 

[Zigner]

For a contract to be legally binding it must contain four essential elements:

• an offer
• an acceptance
• an intention to create a legal relationship
• a consideration (usually money).

Without some sort of consideration, I can't see how the lease is legal.

Your understanding of what constitutes consideration is lacking.

 

[reenzz]

Your understanding of what constitutes consideration is lacking.

Well then please enlighten me.

 

[Zigner]

The promised consideration is consideration.