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  • Dec 29, 2009, 08:49 PM
    Paying Rent to New Owner from Foreclosure
    Let's say you buy a foreclosure from the bank at the courthouse in Florida. The property has tenants.

    How do you collect the rent from them? Do you ask them for a copy of the lease, or does the lease become null and void and they need to sign another.

    Or, if you want to evict and provide 90 day notice are you entitled to the rent for the 90 day period?

    Anyone have experience with this before.
  • Dec 29, 2009, 08:53 PM

    The lease is voided once it is foreclosed.

    For the first 30 days you have to accept the rent they were paying. You can require a new lease with a new depoisit, they have to talk to the old landlord about the deposit they paid them.

    I would have been there day one or two, introduced myself, told them the terms of the new rental agreement and had a copy of a new lease for them to sign.

    If you do evict, yes they have to pay rent for the time they live there, if they refuse to pay rent, you can evict eariler for failure to pay rent.

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