New law: Landlords need to disclose foreclosures
Original post made on Aug 24, 2012
Read the full story here Web Link posted Friday, August 24, 2012, 12:49 PM
on Aug 24, 2012 at 1:06 pm
there are so many horribly corrupt landlords out there. you would think that palo alto was shangri la. i grew up in palo alto and the bay area. these corrupt idiots can make your life a living hell. wish them well with their sadistic selves
on Aug 24, 2012 at 1:13 pm
Common sense says landlord disclosures to tenants should be comparable in scope to home seller disclosure to buyers. I'm really surprised this wasn't already a law.
on Aug 24, 2012 at 1:40 pm
Even if the home or apartment is foreclosed, the home can't be yanked out from under a tenant. The new owner (even banks) must honor any existing lease term. Even in the case of a month to month rental, the tenant would have 30 days notice. That is all they would have had in the first place under the original owner.
I'm not objecting to disclosure, but let's be realistic about existing lease terms.