424. Tenancies.

The seller must disclose full details of any tenancies or licences which affect the property1. The buyer is then deemed to enter the contract knowing and accepting the tenancy terms2.

The buyer should check the security of tenure legislation affects any such tenancies3. If the property is sold subject to existing tenancies, the buyer should covenant with the seller to observe and perform those conditions which remain to be observed and performed by the landlord and to indemnify the seller against them