Legal Question in Real Estate Law in California
Landlord defaults on the loan
The house I rent is being repossed by the mortgage company. I am 6 months into a 12 month lease. I have been given notice that I will probably be required to move in the next 60 to 90 days. What does this do to my lease and deposit?
Asked on 10/10/01, 10:19 am
1 Answer from Attorneys
Lyle Johnson
Bedi and Johnson Attorneys at Law
Re: Landlord defaults on the loan
The lease is terminated by tghe foreclosure. The landlord is responsible for the return of the security deposit. The purchaser at the foreclosure sale purchased the property as is. Therefore the full security deposit should be returned to you.
Answered on 12/30/01, 12:37 am
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