2007-11-13 14:09:54 · 4 answers · asked by wedding girl 1 in Business & Finance ➔ Renting & Real Estate
Did someone tell you that you have to move? The new owner will need tenants and if you have been paying your rent you should be an excellent candidate.
2007-11-13 14:17:38 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I';m PRETTY sure the rules for eviction still apply.
If the building is in foreclosure (it sounds like an apartment building rather than a house that is rented) the LAST thing the lender wants is to have it empty and not receiving ANY payments (like rent). I've owned several rental properties in California and I know that if the new owner wants it empty when they buy I have to evict, but they never do, they want them full full full.
If you're really tied up in knots over this, find out who the lender is and call them to find out. either them or legal aide and ask the same question.
I think you're safe unless the building is condemned and they're closing it down for renovation or demolition. They still need to make notification, even if it 's by mail.
2007-11-13 14:16:32 · answer #2 · answered by Sarge1572 5 · 2⤊ 0⤋
I've lived in two different places that were foreclosed upon. In both cases it was a non-event for the tenants. In one case not even the office staff change; the bank hired the same property manager. The other one saw the property manager change but most of the office and maintenance staff were hired by the new one.
The most likelthing that will happen is that the name of the company that you make out your rent check to will change but that's about it.
2007-11-13 15:27:16 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋
well you should have started thinking about that in April
and be out of there by now so you don't have to worry
about how much longer.
2007-11-13 14:13:14 · answer #4 · answered by Anonymous · 0⤊ 1⤋