If a tenant has 11 months on lease and property that was foreclosed and auctioned and the new owner is flipping property, will my lease still hold up?

I have 11 months on my lease for my condo, where I have been living for over 3 years. The condo went under foreclosure and was auctioned. The person who bought the condo at the auction bought it for investment and is trying to sale/flip the condo. If he sells it to a buyer who plans on using it their primary dwelling, will my lease still be valid for the remaining 11 months or will I have to move in 90 days?

Asked on July 31, 2012 under Real Estate Law, California

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Under 2010 federal law, if the home that you have eleven months remaining on your lease and if it is lost in foreclosure, you are entitled to ride out the balance of your lease so long as you are current on your monthly payments and have not otherwise breached its terms.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.