Precondition to sale. If the Property is sold, the new owner must be substituted for the Lessor in respect of this agreement, and therefore: (a) if this agreement is registered, this substitution is automatic; or (b) if this agreement is unregistered, the Lessor must, as a condition precedent to the sale or transfer, procure the transferee to enter into a deed with DHA to be bound by the terms and conditions of this agreement. The deed must be reasonably acceptable to DHA, and be delivered to DHA duly executed and (if applicable) stamped.
Appears in 4 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
