What to do if my landlord has file a Chapter 7 on the property that I rent?
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What to do if my landlord has file a Chapter 7 on the property that I rent?
How long can I live there after everything has been finalized? Do still pay the rent?
Asked on June 11, 2012 under Real Estate Law, Georgia
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
So long as your landlord is on legal title to the property that you are renting from him or her, you are entitled to live in the unit regardless of any bankruptcy filing so long as you continue to pay rent to him or her per the terms of your lease.
If the property is then transferred to a new owner, the new landlord is obligated to honor the term remaining under the lease. If the property is foreclosed upon, then you can remain in the property until the term of your lease is up, or if a month to month lease, the new landlord has to give you 90 days notice minimum that your lease is at an end.
Your ability to remain in the rental under the above scenario is based upon you being current on your rent.
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