Should Tenant pay rent when Landlord is not making the house payment?
According to the Texas Attorney Hotline, the answer is yes. They are under a lease agreement and should continue to pay the rent. They are obligated by the lease agreement. However, with that said ,they should also file notice and move out before the home forecloses.
Unfortunately, This has happened recently to two of our tenants. They started receiving notices that the home was going into foreclosure. The sellers were not honest with us about their situation and we sent the rent to them every month as we were obligated to do.
All we can do as a Property Manager is work through the situation and refund the full deposit to the tenant when they move out.?
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Compliments of
~Russell & Tracy Lee Parker~
~RE/MAX By The Lakes~???
???? (972)365-7198 Tracy Lee
(214) 477-5609 Russell
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Lake Lavon & Lake Ray Hubbard Waterfront and Waterviews
Serving
Wylie, Rockwall, Sachse, Rowlett &? All of North Texas??
~ residential sales, short sales,?land purchases, commercial ,foreclosures,?property management and leasing?~
relocating? we can help !
Let someone local manage your property!
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