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Home > Money & Services > Bankruptcy & Debt   »   Rental Property

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Old May 22, 2007, 06:41 PM
Brunel
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Rental Property
I live in California. I rented a home to a tenant, with a one year lease. Now, I don't think I'll be able to continue to pay the mortgage, even with the rental income. What happens if I'm unable to pay the mortgage and the house goes into foreclosure? Specifically, what happens to the tenant? What is my liability?
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Old May 22, 2007, 06:42 PM   #2  
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If he can prove you knew you may not be able to afford to keep it at the time the lease was signed he may have some claim against you.

But in general, if it goes into foreclosure, that voids the lease agreement and there is no liablity.
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