It is not uncommon for a landlord to make extensive investigations into a tenant’s financial situation, to minimise the risk that the tenant will fall into financial hardship and not be able to pay the rent.

But what if the landlord suffers financial hardship?  What then are the tenant’s rights?

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Like many commercial transactions, the transfer of ownership of property is underpinned by the common law doctrine of “buyer beware” (aka “caveat emptor”).  That is, the purchaser needs to make sure they make their own enquiries and carry out their own pre-purchase inspections to be satisfied as to ...