Foreigner Transferring Condo Lease Rights

The owner of the condominium, who is a foreigner, wishes to sell the long-term lease rights to the condominium unit.

The unit is currently under installment payment according to the agreement with the project.

We have assisted in coordinating the transfer of rights between the parties by drafting a transfer agreement from the original owner to the new lease-to-own tenant. We have also facilitated the transfer process at the Land Office to ensure a smooth transition for the new lease-to-own tenant to commence installment payments and fulfill the lease-to-own agreement with the project moving forward.

Additionally, in case the lease term is not completed according to the agreement or if the new tenant does not wish to continue the lease, the rights can be transferred to a new tenant. The new tenant will then assume both the rights and responsibilities outlined in the ongoing lease-to-own agreement.

We are pleased to provide our services