Does the bank now have to honor the lease until they sell it or do we have to move out at their discretion? Help!!!!
2007-05-29 13:48:13 · 5 answers · asked by Barbara B 2 in Business & Finance ➔ Renting & Real Estate
Your lease was with the former owner and the bank has absolutely nothing to do with it. The agreement between the former owner and the bank predates any lease you have. You can go after the former owner for breech of contract. When you signed your lease the owner implied by his signing that he would keep the property available for you to occupy without outside influence. You will be able to recover any incurred moving costs as well as out of the ordinary costs that you incure such as a loss of utility deposit and so on. It will probably be best to take them to small claims court.PP
2007-05-29 14:12:30 · answer #1 · answered by ttpawpaw 7 · 0⤊ 0⤋
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2016-07-18 19:51:00 · answer #2 · answered by ? 3 · 0⤊ 0⤋
The bank is required to honor the lease as the new owner. Given that banks really do NOT like to own and rent real estate, you may be in a position to ask for a cash buy out of the lease. Meanwhile, do continue to pay your rents for the property.
2007-05-29 13:52:22 · answer #3 · answered by acermill 7 · 0⤊ 0⤋
The lawyer is mendacity to you and it attempting to bully you into leaving early. ALL tenants, no count if or no longer they have a hire or no longer, are entitled to a minimum of ninety days after the foreclosures is complete decrease than federal regulation. That reported, if the present proprietor desires to place you out in the previous the foreclosures, they could accomplish that by employing providing you with the minimum statutory observe required by employing your state. In lots of the U. S., this is 30 days WRITTEN observe further spanning one complete condominium era. decrease than that rule, observe given on Sept 12, 2012 could exchange into powerful on Nov a million, 2012. If the landlady gave you verbal observe to end, you are able to legally forget approximately that. All notices could desire to be IN WRITING. which ability written on a chew of paper and the two mailed, exceeded to you in individual, or published on the main considerable door to the valuables. E-mails and text cloth messages so no longer characterize written observe. there is no state contained in the union that facilitates a landlord to place you out in 8 days. i could heavily evaluate calling the State Bar association and submitting a suitable criticism against the lawyer who despatched you that observe. If the foreclosures ought to pass by in the previous Nov a million, 2012, that could desire to negate the know-how from the former proprietor and you may then have a minimum of ninety days from the foreclosures date in the previous the economic corporation could desire to initiate eviction lawsuits against you.
2016-10-06 07:03:17 · answer #4 · answered by truesdale 4 · 0⤊ 0⤋
Rent-To-Own Home : http://RentToOwnHome.uzaev.com/?PztH
2016-07-12 08:56:39 · answer #5 · answered by ? 3 · 0⤊ 0⤋