Renting An Apartment In Block That Is For Sale

[Super Hans]

I'm thinking of renting a studio in a block of apartments that is for sale. What I need to know is, how risky is this? Is it possible for the new owners to kick me out and the old owners to disappear with my deposit?

[think_too_mut]

I'm thinking of renting a studio in a block of apartments that is for sale. What I need to know is, how risky is this? Is it possible for the new owners to kick me out and the old owners to disappear with my deposit?

Places like that are usually advertised as "for sale with tenants". Thailand is not that wild.

Whether the new owners extend your tenancy after your contract expires, that's another thing.

[eljeque]

It will more than likely take a long time for the owners to find a buyer and the new buyer will more than likely want to keep all of the renters.

You are safe.

[quiksilva]

An apartment block for sale would be sold as an investment, your rental payments are the motivating factor for the purchase.

One possible scenario is that a new buyer might spend some money on a refurbishment, if they consider that the upside is worth it. (i.e. higher occupancies and/or rents)

However, the new owners would have to honour all of the existing terms and conditions of the lease, including your rental rate for the duration of the lease term and the return of your security deposit.

So you should be safe for one lease term anyway.

Edited March 31, 2007 by quiksilva