Legal Question in Landlord & Tenant Law in Florida
Landlord filing Bankruptcy
Our landlord has filied for bankruptcy. We rent a townhouse from him without a lease. What are our rights and how long would we have to vacate if that is inevitable?
1 Answer from Attorneys
Re: Landlord filing Bankruptcy
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There will be a trustee appointed to oversee the bankruptcy. If the trustee wants the rent paid to his office, you will be advised accordingly.
If not, you should continue to pay rent during the pendency of the bankruptcy to your landlord. Many commercial bankruptcies end up with the debtor shedding unwanted liabilities and trimming the fat. They emerge from bankruptcy as a meaner and leaner company which is more able to compete in the business world. If you fail to pay your rent, you will get evicted with no options.
Scott R. Jay, Esq.