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    mimisalo123's Avatar
    mimisalo123 Posts: 1, Reputation: 1
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    #1

    Aug 25, 2009, 05:30 PM
    Tenant rights during short sale
    Hi. I live in a condo in Miami, FL. I have a one year lease with 8mths outstanding. The bank would not renew my landlord's mortgage and are threatening foreclosure. He's opting for a short sale and has told me that I can break my lease with 2mths notice or stay and ride out the short sale process. What are my rights if I stay? If the condo is sold, is my lease still valid? Will I get my security deposits back? How much time do I have before eviction after a short sale purchase? Thanks.
    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
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    #2

    Aug 25, 2009, 05:32 PM

    Yes, if your condo is sold via short sale, your lease is still valid.

    You cannot be evicted after the short sale unless you violate the lease. They do not have to renew your lease after 8 months though.
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