Legal Question in Landlord & Tenant Law in Florida
paying rent during foreclosure of single family home
We just got news that the home we rent is in foreclosure. We paid 1st, last, & security deposit at move-in. Our 1 yr lease is up March 1, 2008. We doubt we'll get our deposit back. We've decided Not to pay Jan. '08's rent and call it even on the deposit owed to us. Feb. '08 rent is paid. Can we do this?
And, do we have to vacate the home March 1st when our lease is up with the landlord since foreclosure preceedings have begun?
3 Answers from Attorneys
Re: paying rent during foreclosure of single family home
unless you extend the lease, you must move out.
Re: paying rent during foreclosure of single family home
Unfortunately, it doesn't quite work like that. However, you can probably get away with not paying rent for a while. Your lease is subordinate to the mortgage. So, if the mortgage is not being paid by the landlord, then the bank can foreclose on the property and eventually evict you. That is why you were served with the foreclosure lawsuit paperwork. You are tenants currently living in the house and will eventually need to be evicted unless your landlord gets current with the mortgage, offers a deed in lieu of foreclosure to the bank, or the bank approves a "short sale" and the house is sold for less than is owed on the mortgage. Your landlord is in breach of your lease agreement. I recommend contacting a landlord/tenant attorney and giving him a 7 Day Notice of Intent to Terminate Lease. This is the only way you are legally going to get out of paying you rent and get you security deposit back. He has no right to keep your last months rent or security deposit just because he is being foreclosed on. I'm sorry to here about you current legal problems.
Re: paying rent during foreclosure of single family home
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What you have suggested is legally improper but may work out practically. You may wish to discuss this with the landlord and see if he/she will agree to it. If not, you may have to pay the rent and hope for the best as to your security deposit when the time comes.
Scott R. Jay, Esq.