Sale of Building and my commercial lease - British Columbia, Canada
Hello,

My business has a lease for 3 more years in Vancouver.  If my building is sold, what happens to my lease?  Does it continue? Would I be forced to leave?

Thank-you.
[{"id": "dh6ox1g", "text": "Depends on your specific lease and what the new owner wants to do - a lot of leases have demolition clauses meaning that they can terminate the lease if they want to redevelop. Read the wording of your lease to make sure. ", "replies": [], "depth": 1}, {"id": "dh72a3k", "text": "Commercial leases in BC are all individual, so its up to your own reading of your lease. No one here could tell you. ", "replies": [], "depth": 1}, {"id": "dh8raf8", "text": "I don't know laws in your region, but in the US, leases transfer to a new owner. As others have said, your lease should have a provision regarding a transfer of ownership.\n\nAlso, a new owner may want to hold the building long term and has considered your lease a part of that strategy. They likely priced the building based upon the in-place cash flow your lease provides.\n\nGood luck.", "replies": [], "depth": 1}]