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Landlording And Other Aggravations
Here's the gripping story... You are the landlord of a small apartment building that you are offering for sale. You find a buyer and a sale is arranged. The tenants learn of the sale and ask if theywill be forced to move. How do you answer? You explain that it depends upon the leaseagreement. If the tenant signed a leasethey have the right to remain in the unitat least until the end of the lease... longerif the new owner agrees. In many cases the tenant signed a lease andremained after the lease term ended. At thatpoint their occupancy became a month to month tenancy. A month to month tenancy can be terminatedmerely with the landlord giving notice to thetenant. The length of the notice may begoverned by state law, but a 30-day notice iscustomary. In another situation the tenants learned that the apartment owner was in default on his monthly mortgage payments and the lender had begun aforeclosure action. All the tenants had time remaining on their apartment leases and they had no intention of moving. Bad news for the tenants... real property foreclosure law states that junior liens and leases are extinguished by a foreclosure. This means tenant leases do not have to be honored by whomever buys the property at the foreclosure auction. The tenants will receive due process by receiving a notice to vacate and if they don't move they will face an evicton lawsuit. About The Author Mark Walters is a real estate investor and author. His published works can be found at his web site: http://www.CashFlowInstitute.com
MORE RESOURCES: Real estate transactions — April 10-16 SteamboatToday.com Real estate is facing the worst fair housing crisis since the ‘60s Real Estate News by RealEstateNews.com Real Estate Transfers ~ April 3, 2025 The Bedford Citizen Norwalk's 2024 grand list drops to $16.2B, led by $1.3B decline in real estate values - Norwalk Hour Prince Harry and Meghan Markle Have Made Some WILD Real Estate Moves in the Past 8 Years House Beautiful Seeking Alpha Quant picks in the S&P 500 real estate sector heading into earnings (XLRE:NYSEARCA) Seeking Alpha Former executive sues Pat Connaughton's real estate company Milwaukee Journal Sentinel Real Estate Investing: 5 Ways to Get Started NerdWallet Real Estate Market Report (Feb./March) highlandscurrent.org Agent Spotlight: Jim Smyth The Grand Junction Daily Sentinel The Michael Houck Real Estate Guide for April 20 Oil City News How the Pandemic Changed New York City Real Estate Behind The Hedges Vendor & Real Estate Partners Dollar Tree Beyond the Boardroom: LIVE Real Estate Group's Dionne Clifton The News-Gazette Mandatory NAR membership facing a new legal challenge Real Estate News by RealEstateNews.com Brokerage Beat: News from Compass, eXp, The Agency, more Real Estate News by RealEstateNews.com Many first-time homebuyers are pushing 40 as millennials wait in vain for a better market - NBC News Accused Houston real estate fraudster connected to dozens of stolen properties caught attempting new deed filing Click2Houston Zillow just started an all-out war over real estate listings Business Insider Houston real estate lawsuit: Harris County suing couple in forgery case and theft of 35 properties ABC13 Houston The Hollywood Reporter Celebrates the Big Apple’s Top Real Estate Agents at New York Power Broker Awards The Hollywood Reporter Portland homebuyers rush into combative spring market OregonLive.com Tucson, Ariz.: Western Skies and Competitive Home Prices The New York Times Who’s Buying What in the Big Apple? Ask NYC’s Top Realtors The Hollywood Reporter Real estate options slim for Grove City dispensaries The Columbus Dispatch Mumbai’s Rush to Rebuild Comes With a Warning Bloomberg.com See how much real estate prices have changed in Petaluma last week The Press Democrat Trump Official Scrutinizes N.Y.’s Attorney General Over Real Estate The New York Times Housing Market Crash Alert? Zillow Turns Negative on Home Prices Norada Real Estate Investments Trump’s latest crypto venture will be a video game, and sources say it will be like Monopoly Fortune Q1 Estin Report for Aspen Snowmass real estate shows growth AspenTimes.com Sandwich house on market in 'awesome location' for $680,000 Cape Cod Times Real estate Sales include business buildings in Westfield, Jamestown observertoday.com Dodge County Real Estate Transfers Fremont Tribune Real estate sales in Peoria, Tazewell and Woodford counties for April 19, 2025 - Peoria Journal Star Real estate sales in Peoria, Tazewell and Woodford counties for April 19, 2025 Peoria Journal Star Page C13 Post and Courier Page C12 Post and Courier Page C10 Post and Courier Licking County real estate transfers for March 31 to April 4 reach $2 million in Granville The Newark Advocate $20M Coldwell Banker real estate calls class action settlement Class Action Lawsuits Real Estate Notes: Rutledge Hill hotel to open July 1 Nashville Post Phoenix land on Camelback Mountain with Frank Lloyd Wright-inspired home for sale for $30M The Arizona Republic Historic flooding locally impacts commercial real estate market The News-Enterprise MLS that quit enforcing Clear Cooperation gets back on board Real Estate News by RealEstateNews.com Imran Chaudhary, leading the real estate project in East Plano, says his planned Islamic Center is misrepresented by politicians IslanderNews.com House of Week: With its indoor heated pool, this Marcellus property is ‘like a vacation’ Syracuse.com Post-hurricane real estate market hard to pin down Your Observer Main Line home with 3 golf holes on former Penshurt Estate asks $2.3M The Business Journals Battle Of The Listing Sites. Zillow Bans Pocket Listings, While Homes.com Welcomes Them Yahoo Finance Stafford County supervisors vote to increase real-estate tax rate by 3 cents Fredericksburg Free Press Berkshire County Real Estate Transactions for March 31-April 4 The Berkshire Eagle Buc-ee's travel center may mean more residential, commercial development in St. Lucie County Treasure Coast News Richland County property transfers recorded April 7-11 Mansfield News Journal Real estate mogul Mattson turns to 5th Amendment as bankruptcy cases heat up The Press Democrat How Eliminating Property Taxes Could Impact Florida Homeowners U.S. News Real Estate Kohl’s real estate head joins CBRE’s retail group Chain Store Age Westmoreland County Real Estate Transfers The Latrobe Bulletin The Mountain city where thousands are selling their million-dollar homes amid 'cloud of uncertainty' Daily Mail CoStar CEO takes on Zillow in letter to agents Real Estate News by RealEstateNews.com Real estate news: 2-tower office campus in Newport Beach sells at a loss for $33M Orange County Register Penn owns over $3 billion in University City real estate, DP analysis finds The Daily Pennsylvanian Lisbon commercial real estate gains momentum The Portugal News $2.1 Million Homes in Muskoka, Ontario The New York Times Housing Market Predictions for 2025 Ramsey Solutions |
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