Protecting Tenants at Foreclosure Act.
Judging from the number of questions by tenants on the AVVO Question Board, there are a great number of tenants being displaced by mortgage foreclosures on the residential properties they rent. Moreover, the attorneys who are answering the questions seem to be unaware of the “Protecting Tenants at Foreclosure Act.” This statute, effective last Spring, permits most residential tenants of foreclosed properties to stay for at least 90 days and perhaps until the end of the lease term.
Landlord-Tenant: Tenant is Entitled to At Least 90 Days Notice After Foreclosure.
Under the Protecting Tenants at Foreclosure Act, the new owner after foreclosure can no longer summarily evict residential tenants. If the owner intends to occupy the structure as a residence, he must give 90 days notice to vacate. However, if the owner does not intend to occupy the premises, the tenant must be given the opportunity to complete the term under the lease.
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CLIFF TUTTLE has been a Pennsylvania lawyer for over 36 years and (inter alia) is a real estate litigator and legal writer. The posts in this blog are intended to provide general information about legal topics of interest to lawyers and consumers with a Pittsburgh and Western Pennsylvania focus. However, this information does not constitute legal advice and there is no lawyer-client relationship created when you read this blog. You are encouraged to leave comments but be aware that posted comments can be read by others. If you wish to contact me in privacy, please use the Contact Form located immediately below this message. I will reply promptly and in strict confidence.
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