Legal Question in Landlord & Tenant Law in California
I am renting a condo that is going into Foreclosure
I have been notified by the property management company that the owner’s of the condo that I am renting have cancelled their contract with the property management company effective 11/1 and the bank is taking possession of the condo on 12/1. My lease expires on 11/30. The owners of the condo live in TX and I am living in CA. My property management company is not providing any answers to my questions. What are my rights as a tenant in CA? Do I need to vacate the property before 11/30? What happens to the deposit that I made to the property management Co.? Please help!!
1 Answer from Attorneys
Re: I am renting a condo that is going into Foreclosure
You have already received notice, and the management company is not the right entity with which to deal.
Check with the bank, and see if they want you out on 11/30 or not (I gather you want to stay).
As to the deposit, California law is clear. The new owner, in this case the bank, is responsible for paying your deposit, as deposits go with the property, and are carried over to the new owner(s).
If you need more, feel free to e-mail, or call, my office.
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