This act has an unexpected bright light . It may actually help out tenants who have found themselves renting a home that went into foreclosure. Under this new law that went into effect on May 20th this year Tenants have to be given 90 days notice before they can be evicted. Also Tenants will be able to stay in the property until the lease expires. However, there are two exceptions to this new law; 1.) The home has been sold and the new owner will occupy the home. and or 2.) There is no lease in effect or State law supersedes in which the lease may be terminated. In any case this is a good thing. As prospective Tenants learn of this new law it may help releave the anxitiy they are feeling when signing a new lease.
This is NOT intended for the purpose of providing legal advice. You should consult an attorney for legal advice.
Monday, July 6, 2009
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