We are renters in Florida and we heard that our condo (leased through a private party) may be foreclosed. We don’t have a clause in our lease on this issue. I’ve heard rumors of renters just being kicked out because of foreclosure and I’ve had legal advice saying the bank has to let you fullfill your lease by law until the end.
Does anyone know the laws on this? We can’t break our lease without having the pay the rest of our months rent but I don’t want to get taken down with them.
Thanks
MIND_THE_GAP said:
Feb 01, 09 at 7:39 amIn almost every state, a foreclosure cancels a lease. The new owner must then go the eviction route to force you to more out.