New 2013 California Law Requires Disclosure of Foreclosure to Tenants

by qinfokusuma 14. January 2013 08:39

As of January 1, 2013, property managers and landlords in California are required to disclose in writing to any prospective tenants if a notice of default has been recorded against the property. The law applies to rentals of single-family homes and apartment buildings of no more than four units.

The disclosure also includes a notice that if a new owner takes ownership of a property following foreclosure, the owner will not be able to evict the tenants for at least 90 days written eviction notices in many cases.

For landlords who violate the disclosure requirement, tenants may be able to void any lease and recover one month's rent or twice the actual damages - whichever is greater. Tenants may also be able to recover all prepaid rent from the landlord if the landlord violates the disclosure requirement, according to the new law. 


 

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