Landlord-Tenant: Tenant is Entitled to At Least 90 Days Notice After Foreclosure.
Posted By Cliff Tuttle | February 5, 2010
Posted by Cliff Tuttle © 2010
Under the federal 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.
The Attorney General of Connecticut recently warned foreclosing banks not to ignor the rights of tenants under the statute.
CLT
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