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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 a foreclosure 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: Why real estate prices are plummeting in places that boomed during the work-from-home era businessinsider.com For These Real Estate Agents, Rags Became Riches The New York Times Current Real Estate Roundup - October 23, 2025 Nantucket Current Asset managers trim real estate holdings amid market downturn Financial Times New Invesco Real Estate Leadership Team Sees CRE Growth Opportunities Commercial Observer Fed rate cut still likely even as inflation ticks up RealEstateNews.com Dawson County weekly real estate transactions, Oct. 24 Central Nebraska Today Clearing skies: Real estate outlook and the road ahead Inman Real Estate News Mark Spain Real Estate welcomes new CEO David Zanaty Atlanta Agent Magazine Historic real estate specialist plans trio of redevelopment projects for downtown Walla Walla Elkhorn Media Group I'm an 82-year-old real-estate broker and forklift driver. I have no plans to retire — they'll have to drag me out. Yahoo Lifestyle Canada Top 50 real estate agents in Arizona by sales volume AZ Big Media India central bank to exempt sovereign-backed real estate fund from alternate investment fund rules Reuters San Jose apartment complex bought by Bay Area real estate investor The Mercury News NYC Tax Tribunal Applies Step Transaction Doctrine to Limit “Mere Change” Exemption Under Real Property Transfer Tax The National Law Review The Pipeline: Commercial real estate roundup for 10.24.25 Richmond BizSense NAR policies ‘didn’t contemplate’ AI — so now what? RealEstateNews.com Commercial real estate broker buys Stamford office building for $3.45M, moves into top floor Hartford Business Journal State at a Crossroads: 11th Vermont Development Conference to Tackle Housing, Infrastructure, and the Future of Growth Boston Real Estate Times The shutdown’s main impact on housing so far? Buyer confidence RealEstateNews.com EG Real Estate: 5 New Listings & 4 Sold East Greenwich News Is real estate’s allocation slide a brief dip or a sign of a larger rebalancing? Private Equity Real Estate | PERE Real estate is more than a job. It's a calling: Lesson Learned Inman Real Estate News Dallas Morning News taps Wooten to cover commercial real estate Talking Biz News Property Tax Proposal Divides Experts; Realtors Share Views Gulfshore Business Late venture capitalist’s Cherry Creek penthouse sells for $10M The Denver Post FSU Real Estate TRENDS Conference offers ‘great insights and energy’ Florida State University Rochester banking veteran joins Core Real Estate Group Post Bulletin Standard Real Estate Investments, Vistria Group acquire 420-unit Fox Valley Villages in Aurora REJournals 709K-sf industrial property planned for Terrell Texas Real Estate Research Center 283K-sf Lockhart industrial property sold Texas Real Estate Research Center Guiding You Home: Traudel Lange's Real Estate Expertise Modern Luxury 9 smart (and affordable) ways to generate real estate leads this fall Inman Real Estate News 175K-sf retail center slated for Anna Texas Real Estate Research Center Scarborough CRE sells 157K-sf Tyler warehouse Texas Real Estate Research Center Firm preleases 420K-sf distribution building in Baytown Texas Real Estate Research Center LOCAL REAL ESTATE TODAY 10.24.25 KQEN News Radio NAR Calls for Response on Impact of Government Shutdown National Association of REALTORS® America has too many real estate agents The Baylor Lariat Real estate investors who spend less than 10 hours a week on their 24-unit portfolio share the AI tools they can't live without businessinsider.com Fond du Lac County property sold for $3.2M in real estate transfers for Oct. 13-17 - fdlreporter.com Table of Experts: AI fuels San Francisco’s real estate revival—leaders share what’s next The Business Journals Real Estate Split Corp. Class A Distribution GlobeNewswire Portion of Southpark Meadows is now part of big real estate fund The Business Journals Fall real estate update FOX 5 DC Licking County real estate transfers for Oct. 6-10, 2025, reach $865,000 The Newark Advocate Divaris Real Estate Secures Major Lease Renewal for Wall, Einhorn & Chernitzer in Downtown Norfolk citybiz SmartCentres Real Estate Investment Trust to Release 2025 Third Quarter Results and Host Conference Call Business Wire Real estate sales in Jefferson, Bullitt and Oldham counties for April 7-13, 2025 The Courier-Journal Help Clients Upgrade Their Home Sound: Top Smart Speakers of 2025 National Association of REALTORS® $3 Million Homes in New Zealand The New York Times Tom Ferry and Josh Altman launch new joint coaching program Inman Real Estate News Oak Street luxury retail property listed for sale by German investor Crain's Chicago Business New homes breaking ground at $6B Lake Texoma development and other D-FW real estate news Dallas News Check out these recent Coshocton County real estate transfers Coshocton Tribune OP&F commits up to $85m to Blue Owl Real Estate Fund VII Institutional Real Estate, Inc. San Joaquin CERA sets 2026 real estate pacing at $130m IPE Real Assets How to explain the pros and cons of AI for real estate Inman Real Estate News Real estate: Navigating the homebuying journey with confidence Main Street Media of Tennessee CARBON CO. PROPERTY: 16k sq ft Bldg. on 13+ ac. Lancaster Farming Places This Week: A 1926 Dutch Colonial for sale St Pete Catalyst |
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