| 1. |
|
| 2. |
|
| 3. |
|
What are my rights if the landlord says that he is no loger going to pay the mortg.and allow the property to go into foreclosure
Atlanta, GA
Viewed 83 times.
Posted 4 months ago in Landlord / Tenant
Flag as objectionable
What are my tenant rights if the lanlord does not pay the mortgage and allows the property to go into foreclosure?
- Is this your question? Add additional information
Answers (1)Barry W. Rorex
This attorney is licensed in Georgia and 2 other states.
Posted 4 months ago.
Flag as objectionable
The landlord's obligation to pay the mortgage is governed by the terms of the agreement between the landlord and the lender. Your obligations to the landlord are determined by the terms of your lease. If and until the landlord loses the property in a foreclosure action, the payment or non-payment of the mortgage has virtually no effect on the terms of the lease (unless that particular issue is addressed i the lease).
After the property is foreclosed, the lessee has rights determined by state law and, since this May, by federal laws that protect renters in most situations. Under the new federal law, renters may stay for the term of their lease and month to month renters have an additional 90 days under most circumstances. |