Legal Question in Landlord & Tenant Law in Nevada
What are my right as a tentant that has been paying rent and the onwer let the house go into forecloser.
1 Answer from Attorneys
Unless you wish to - and can afford to - become the new owner of the property when it goes on the auction block for sale, you have only the right to move out when directed to by the purchaser of the house. It is too bad that your landlord was so irresponsible (or financially strapped) to allow his house to go to foreclosure, but as the tenant your rights are much less than those of whoever successfully bids on the property and becomes the new owner. It may turn out that person (or business) is an investor who would be thrilled to have you as a tenant, so all hope is not lost. Try to communicate with the property management company or the Realtor who lists the property for the bank (if the foreclosing lender takes that approach) and keep tabs on what is happening with the house.
If you have not yet been served with a notice of eviction (or termination of tenancy), there is a chance you can stay on as the occupant. It just might be that the new owner WANTS you to stay and keep paying rent as you have. Keep up with the rent payments, though, or they'll dump you and find someone else who will.
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