subject: Tenants Suffer When Landlords Are Foreclosed [print this page] Tenants on a month-to-month basis have no right to continue renting their property from a new owner unless he wishes o re-negotiate a new lease. Those who do have a lease are usually entitled to thirty days notice unless they have been in residence more than a year in which case it will be sixty days. The single exception is someone renting in a rent-controlled building in areas with just eviction' laws that don't include foreclosure as a reason for eviction. One additional exception is when a renter signed the lease prior to the owner taking out the mortgage.
