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Article category: Auctions

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Auctions Information

A Landlord's absorbing story...


by: Mark Walters
You are the landowner of a small flat building that you are offering for sale. You find a purchaser and a sale is arranged.

The tenants discover of the sale and ask if they wish be forced to move. How do you answer?

You explain that it depends upon the lease agreement. If the tenant signed a lease they have the right to remain in the unit at least until the end of the lease... longer if the new owner agrees.

In galore cases the tenant signed a lease and remained after the lease term ended. At that point their occupancy became a month to month tenancy.

A month to month occupancy can be terminated simply with the landowner giving notice to the tenant. The length of the notice may be citizenry by state law, but a 30-day notice is customary.

In another situation the tenants knowing that the flat owner was in default on his monthly mortgage payments and the loaner had begun a proceeding action.

All the tenants had time remaining on their flat leases and they had no purpose of moving.

Bad news for the tenants... real property proceeding law states that junior liens and leases are destroyed by a foreclosure.

This means tenant leases do not have to be honored by whomever buys the property at the proceeding auction.

The tenants wish obtain due process by receiving a notice to vacate and if they don't come they wish face an eviction lawsuit.


Just about the Author

Mark Walters is a real estate capitalist and author. His promulgated works can be found at http://www.CashFlowInstitute.com

 


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Articles category: Auctions

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Auctions

1 Treasure Hunting Begins At Home.htm
2 1 001 Deals And Steals A Guide To Online Classifieds.htm
3 10 Amazing Ways To Jump Start Your Sales.htm
4 10 Basic Steps You Must Do To Profit Online .htm
5 10 Easy Ways To Promote Your Website For Cheap Or Free.htm
6 10 Effective Smart Tips To Reduce Your Business Costs.htm
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10 10 No Nonsense Tactics In Promoting Your Home Based Business.htm
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13 10 Ways To Profit In An Uncertain Economy .htm
14 10 Ways To Set Up A Home Office Without Blowing Your Budget.htm
15 18 Simple Ways To Save Money On Your Car.htm
16 22 Tips To Become Wealthy Fast .htm
17 3 EASY WAYS TO LOWER YOUR COSTS .htm
18 3 Unusual Formats For Auctions On EBay.htm
19 4 New Income Streams To Your Online Business At No Extra Cos.htm
20 4 Tips To Saving A Bundle At Your Next Car Auction.htm
21 4 Tips To Save A Bundle On Your Next New Car Purchase.htm
22 5 Free Easy Ways To Get More Opt In Subscribers For Your N.htm
23 5 Free Steps To Online Income.htm
24 5 Hot Internet Businesses For 2005.htm
25 5 Instant Income Streams That No One Knows About.htm
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31 7 Tips I Wish I Had Known 6 Months Ago About Online Marketin.htm
32 8 Reasons Why Affiliate Marketing Is The Holy Grail Of E Com.htm
33 9 Razor Sharp Strategies For Building Success And Adding Zer.htm
34 A Landlord S Gripping Story .htm
35 A New Scam Hits The Web.htm
36 A Picture Paints A Thousand Words And Creates Auction Euphor.htm
37 A Simple Secret Way To Make Money On Ebay.htm
38 A Word Of Advice For The Beginning Crafter.htm
39 ARE MINI SITES THE ANSWER .htm
40 AUCTION TIP A Basic EBay Listing Template.htm
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67 Can You Really Make Money Selling New Release CD S DVD S O.htm
68 Cashing Out Of Preforeclosures Exit Strategies For Maximum.htm
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