Existing law generally requiring a 60-day notice to terminate a month-to-month residential tenant, which was originally slated to expire on January 1, 2010, has been extended indefinitely.
A 30-day notice to terminate is sufficient and allowed if the tenant has lived in the property for less than one year, or if the landlord has sold the property and specific requirements are met. This 60-day notice requirement does not apply to fixed-term leases, such as a one-year lease.
There are other laws that address tenants in properties foreclosed upon.
These are just the things and information that people concerned should be fully aware of. The authorities should have an awareness program so people wouldn't be lost at times like this. Thanks for sharing this and good luck on all your real estate endeavors.
Posted by: Mitch | Wednesday, November 18, 2009 at 04:29 PM
Thanks for the info. Now I'm more aware to share this info to my other staff.
Posted by: Realtors | Thursday, November 19, 2009 at 07:38 PM