II found out a week ago from my landlord that the property is being forclosed on next month. Do I pay rent to my landlord on the first? What do I do?

I have a month to month lease and my security deposit is equal to one month rent. I do not want to lose my rental reference.

Asked on May 29, 2009 under Real Estate Law, Michigan

Answers:

J.V., Member, New Jersey Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

What you should do is contact the landlord and explain your concern. Obviously the security deposit is not applicable to what it was intended for as the property will no longer be in the landlords possession. Explain this fact and than ask the landlord if they want to apply the security to the last months rent. If they say no you should probably pay as you want to ensure a reference, however be sure that the landlord is trustworthy enough to return the security deposit

Of course you can always consult a local attorney if the landlord refuses to cooparete but hopefully you can get around this without legal counsel. Just try to cooperate with each other and see what happens


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