Debt Relief – Insolvency – Bankruptcy Information » Insolvency » What does it mean, as a tenant, that my landlord’s apartment property is in receivership?

What does it mean, as a tenant, that my landlord’s apartment property is in receivership?

January 24th, 2012 | 1 Comment

Will they kick everyone out, raise the rent, and other issues

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Filed under: Insolvency · Tags: apartment, Landlords, mean, Property, Receivership, Tenant

One Response to "What does it mean, as a tenant, that my landlord’s apartment property is in receivership?"

1. corduroy-fire-kills-7 says:

   January 24, 2012 at 3:39 am

   It means the bank is foreclosing on it. They will put the building up for sale and it’s up to the new owners if rent is raised or if they renew any current leases. In the meantime, I don’t see the bank kicking you out. If you were renting a house, they would make you leave, but being an apartment building, I doubt they do. However, if you don’t meet the new owners requirements, you may be forced out.

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