Legal Question in Landlord & Tenant Law in California

Is the new owner of a property obligated to a lease agreement a tenant signed with the prior owner, even if the new owner is a bank?

I am renting a proivate wing of a home and the owner just informed me he is declaring bankruptsy and the bank will be taking posession of the house.

I and another tenant just moved in.

I have a lease with an option to extend.


Asked on 9/17/09, 10:51 pm

1 Answer from Attorneys

Short answer is "no." The bank's lien predates your leasehold, so your leasehold interest is wiped out when it goes to the bank.

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Answered on 9/18/09, 12:25 am


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