Thursday, December 15, 2011

I'm a tenant they want to short sale and want me to leave in a month but my lease is not over until june?

I been renting this property for more than a year. I renewed the lease for another year and is not over until June. My landlord wants me to move out in a month.He told me that the loan was being modified now he tells me that the modification dint happen and that they want to short sale the property. What can I do? Whats going to happen to my security deposit? We are responsible tenants that have had no complaints and have paid rent on time. How can we continue to live in the property?|||They cannot force you out before your lease is up just because they want to sell the house. They still have to honor your lease. If they attempt to force you out (ie change the locks and put your stuff out), you need to sue them for constructive eviction. You are 100% entitled to continue living there until your lease is up as long as you are not violating that lease, which it appears you aren't. Of course, they can give you notice that you will have to vacate when your lease is over. This should not affect how/if you get your security deposit back.





However, they can certainly make it worth your while to leave. Ask them about coming to a compromise: you'll leave by the end of April if they cover all your moving expenses, refund 100% of your deposit, and waive April rent so you can put that down somewhere else. If you do come to some sort of arrangement, make sure you get it in writing!|||First off, short sales take quite a bit of time, so the landlord is being a bit shortsighted in asking you to leave early. He would do better to have you in there for the rest of the lease.





Read your lease. A lot of leases are written to protect the landlord if they need to or decide to sell. It usually will be written that they can break the lease and give you a 30 day notice if they decide to sell the property.|||He can't make you move if you have a lease, so just continue to live there if you like. That said, when they sell, you'll get kicked out anyway, so just find a new place and have him pay your moving expenses. It's not worth the hassle to stay.





Get a deal in writing whereby he refunds your entire deposit and he pays your moving expenses.|||If you live in the City of Los Angeles you can call the Housing Department Information Hotline: (213) 808-8888 or toll-free at (866) 557-RENT [7368] or if you live somewhere else you might get a referral.





You can also call your City Hall and ask for the department that deals with rental housing issues.|||If you are still within the lease, then 60 days notice applies. Plus they have to prove that they are really selling, or have no where else to live and need to move in, or that their family member needs to move in.|||legally you can live there till june.|||Hi Friends

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