Legal Question in Landlord & Tenant Law in California
Landlord is going through foreclosure
I have a leae and the land lord is not paying the bank and foreclosure proceedings are starting do I have cause to break the lease, or to not pay rent directly to the landlord, do I need to set up an escrow account to pay my rent into. do I have any legal recourse against the landlord
2 Answers from Attorneys
Re: Landlord is going through foreclosure
Mr. Cohen has given excellent advice.
At present you cannot break the lease, and do not need an escrow account, and there is no legal recourse against the landlord.
Re: Landlord is going through foreclosure
Until you are notified that the property has been foreclosed, you should continue to pay rent pursuant to your lease agreement. At least one locale has an ordinance preventing eviction of pre-existing leaseholders from foreclosed property. Others make it exceedingly difficult. In any case, if you wish to stay after the foreclosure, you can try to work with the buyer on a new rental agreement, or your tenancy could be terminated, depending on the buyer's policy. Good luck! Your scenario, unfortunately, is becoming quite common.
Related Questions & Answers
-
Unsafe/ unsanitary rental issues I currently reside in a what I consider... Asked 4/07/08, 2:58 pm in United States California Landlord & Tenants