371. Introduction.

The procedure on sale of a tenanted property is similar to that relating to a freehold or leasehold transaction but the following points should be noted1.

In order to fulfil his duty of disclosure2, the contract must include an express term saying that the sale is subject to a tenancy or tenancies, and a copy of the relevant lease or leases (or tenancy agreement) should be supplied to the buyer with the draft contract. The Standard Contractual Conditions3 contain provisions to the effect that the buyer, having been supplied with copies of the relevant agreements, is deemed to purchase with