Do I have to pay the entire month's rent to the landlord if house is sold to bank early in the month

Submitted by p rogers from GA - 06/03/2010 - 7:58am

I'm renting a house in Ga and mail started coming to the house addressed to the landlord from lawyers and mortgage companies and then a certified letter came, that we refused. We started searching the internet and found a foreclosure notice in the newspaper for the property we live in. He asked us to resign a lease 3 months ago knowing that he wasn't paying the mortgage. He is saying nothing about this. The house that we're in is do to be sold the first Tuesday in July. If the bank buys back the house do we have to pay our entire rent to the landlord or can we partially pay for it. I know that we won't get our deposit back. We can't afford to leave without a deposit and moving expense money.

You are not watching this post, click to start watching

Comments

Submitted by Tom - 06/24/2010 - 5:06pm

Your landlord is still the legal owner up to the foreclosure sale. If the lease looks fair, and you want to stay, I recommend you sign it. The Tenants At Foreclosure Act, a federal law dated May 2010, states the new owner must honor the lease, unless the owner intends to occupy as primary residence. In that case, the owner must give you 90 Day Notice to Vacate. In any event, the July rent is owed, so I recommend you pay it all.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

Before You Post

All comments should be relevant to the topic of the post and are subject to the terms found in our User Agreement.

Asking a Question

If you'd like to ask a new question, please start a new topic.

Please no SPAM.

We nofollow all links and promptly remove unsolicited advertisements - spamming here is a complete waste of your time, so don't bother. Vendors who actually answer questions and provide value to our forums may include links to their company or service as part of their signature.