Ask Experts Questions for FREE Help !
Ask
    moglo's Avatar
    moglo Posts: 1, Reputation: 1
    New Member
     
    #1

    May 15, 2012, 08:36 AM
    Do we have to pay rent during a short sale/
    I do not have a lease with my landlord who is my sister. I was just informed her condo is going up for a short sale. Do I still have to pay her rent since I have new moving costs.
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
     
    #2

    May 15, 2012, 08:40 AM
    You are considered a month to month tenant and must pay rent if you are living in the unit. The owner must give you proper notice to vacate, most frequently 30 days. If you want to leave then you too must give 30 days notice from the first of the month. Short answer, yes. Short sales can easily take many, many months and may not be approved by the lender. Your moving expenses are not considered any type of unusual hardship since you'd have to move someday.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Who do I pay my rent to during a short sale? [ 1 Answers ]

Im a tenant in a Home that's been put on the market for a 'short sale'. I need to know what my rights are, Also Who is responsible for my rent, the Owner, the Rental Agency, or the Bank?

Do I still pay rent while my landlord is doing a short sale? [ 3 Answers ]

At first she told me she was trying to do a house modification, she didn't really tell me nothing in details. She brought her agent to the house and told me that she could pay the house payments nomore so she told me I had to go, she also told me she was trying to do a shprt sale, and was going to...

Short Sale in CA is getting messy, rent issues! [ 3 Answers ]

I signed a lease and rented a house in April 2009. In July, the landlord called and asked me to start paying less rent because she was short selling the house and wanted me to show it for her. Since I agreed and did so, she said I broke the lease... and I am now on a "month to month" a little...


View more questions Search