Legal Question in Real Estate Law in Florida
I'm renting a 1/1 guest house that is located above the garage. the garage is part of a 3 acre lot shared by the main house.
The main house has been empty for 6 months, I've lived in the guest house for 1 year without a lease.
The property is for sale via a Short Sale and I believe is owned by the bank now.
Who gets my rent payment, the bank or the original landlord.
thanks.
1 Answer from Attorneys
Hi. If the property is going through a short sale, it is still owned by the owner. In a short sale, the bank gives the owner permission to sell for less than the payoff of the loan. Your rent payment would go to the owner, until he no longer owns the property. If he sells it, through a short sale or otherwise, your rent would go to the new owner after the sale. If the bank takes the property back through foreclosure, then your rent payments would go to the bank.
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