Landlord's Notice of Change of Ownership

The Notice of Change of Property Ownership is a document that notifies tenants that the ownership of the rental property they occupy has been transferred to another party. This letter is used by a landlord who has either sold or gifted the rental property to another party. It means that the landlord no longer owns the property and the new owners become the new landlords of the property.

Landlords are required by law to inform their tenants if there is a change in ownership of the rental property, and there is no required notice period for this letter. However, it is important to send this notice as early as possible. This document introduces the new owner and notifies the tenant about the date the landlord will finally transfer their title to the new owner. After receiving this letter, the tenant may agree to vacate the rental property before the expiration of the lease in exchange for some form of compensation or stay for the entire duration of their lease and renegotiate the terms of their lease with the new landlord.

How to use this document

This document requires basic information, such as:

• the name and addresses of the landlord

• the name and addresses of the tenant; and

• the name of the new owner of the rental property.

After completing the document, the landlord should sign the letter and deliver it to the tenant. If the landlord is sending this document to multiple tenants, the landlord can circulate it to all the tenants.

Alternatively, this document can be downloaded and sent to the tenant(s) via email. Also, the landlord should keep at least one signed copy for record purposes.

Applicable law

Generally, the laws regulating a lease agreement are as follows:

• Tenancy Laws of various States;

• Rent Control and Recovery of Premises Act and Laws of various States;

• Land Instrument Registration Act and Laws of various States;

• Land Use Charge Laws;

• Property and Conveyancing Laws;

• Conveyancing Act.

None of these laws outline the form or content of this document. However, the general rules of contract apply to this document.

How to modify the template

You fill out a form. The document is created before your eyes as you respond to the questions.

At the end, you receive it in Word and PDF formats. You can modify it and reuse it.