Evicting Tenants After Foreclosure

Lenders should be aware of a new Florida law, which requires lenders to provide existing tenants with at least thirty days to vacate the property after the foreclosure sale. Florida Statute § 83.561, titled “Termination of Rental Agreement Upon Foreclosure”, became effective on July 1, 2015. The law replaces a recently expired federal law titled Protecting Tenants at Foreclosure Act. As such, the implementation of this new Florida statute may come as no surprise to lenders. However, lenders should understand their statutory rights and responsibilities prior to evicting tenants after foreclosure.      Read the article………..


Related Articles

Top 10 Collections Resolutions for 2013 for South Florida (or anywhere) Community Associations

The start of the year marks an ideal time for community associations to take a close and careful look at

Associations Need to Seek Ejectment Rather Than Eviction for Some “Tenants” (FL)

When the Condominium Act was amended several years ago to allow associations to demand and collect rent directly from the

Is anyone performing background checks on directors? (FL)

Florida law has been changed over the years to clarify that convicted felons whose civil rights have not been restored