2. My landlord has informed me that the property I am renting
was sold recently. I was also told to pay rent to the new landlord on
the next due date. Can I object? Will my interests under the "old" tenancy
be protected?
   
The landlord, as the owner of the property, is fully entitled
to sell the property. If there is a tenancy subsisting at the property,
it is likely that the property will be sold subject to the tenancy. That
is to say, the new owner will be aware of the tenancy and will expect
to collect rent from the tenant. The agreement for sale and purchase
made between the old owner and the new owner should also have specified
that the new owner will inherit from the old owner all of the rights
and liabilities under the tenancy. Therefore, a tenant’s rights and liabilities
under the existing tenancy will generally remain unchanged.
However, the deposit paid by the tenant deserves particular attention. According
to a judgment made by the Privy Council (the final appellant court for
Hong Kong before 1 July 1997) in 1986, the covenant made by a landlord
to return the deposit to a tenant is a personal promise, and is thus
enforceable only against the landlord personally but not against the
new owner. Therefore, unless there are some other arrangements or agreements,
the new landlord is not liable to the tenant in respect of the deposit
paid to the old landlord. The tenant should make sure that the old landlord
has transferred the deposit to the new landlord so that the tenant can
recover the deposit from the new landlord.
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