FORECLOSURE IS NOT A LEGAL REASON FOR EVICTION A foreclosure has never been a legal reason for eviction for a rent-stabilized unit. In December 2008, this same rule became applicable to all rental units in the City of Los Angeles, regardless of whether or not they are subject to the Rent Stabilization Ordinance (RSO). The Los Angeles City Council extended the Foreclosure Eviction Ordinance, which prohibits lenders who foreclose on any rental unit in the City of Los Angeles from evicting tenants without a legal reason permitted under the RSO, through December 31, 2013. Additionally, a new California state law requires that tenants renting a property that is in foreclosure be allowed to maintain possession of their rental unit until the expiration of their lease.
Posted on: Sun, 04 Aug 2013 06:43:15 +0000
Trending Topics
Recently Viewed Topics
© 2015