ENGLISH

Housing Lease
Succession to Status of Lessor
Succession to status of lessor
- The assignee of a leased house and any person who has succeeded to the ownership of the leased house through inheritance, auction, etc. shall succeed to the status of the lessor (Article 3 (4) of the Housing Lease Protection Act).
- Even though a lessor, who is an assignor, and an assignee have concluded a contract including a special stipulation that the obligations of a lessor for the lessee are not succeeded, the stipulation shall be ineffective as it is unfavorable to the lessee (Article 10 of the Housing Lease Protection Act).