When a property is sold in India, a tenant’s rental agreement does not simply disappear. The new landlord is bound by the original terms set by the previous owner. Rent hikes can only occur if specified in an escalation clause within the contract. Tenants who continue paying their old landlord post-sale remain protected, and their rights to the security deposit are preserved regardless of the ownership change. When a property is sold in India, a tenant’s rental agreement does not simply disappear. The new landlord is bound by the original terms set by the previous owner. Rent hikes can only occur if specified in an escalation clause within the contract. Tenants who continue paying their old landlord post-sale remain protected, and their rights to the security deposit are preserved regardless of the ownership change.
