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Landlord/Tenant: Foreclosure and Notice of Tenants' Rights
Requires that a notice of tenants' rights be posted on a property whenever a notice of trustee's sale is posted.
Requires, eective March 1, 2020, that a notice be posted and sent to tenants when a notice of trustee's sale is posted on the property. The notice informs the tenant that foreclosure process has begun on the property and what rights the tenants may have under the law. The notice reads as follows:
Foreclosure process has begun on this property, which may aect your right to continue to live in this property. Twenty days or more after the date of this notice, this property may be sold at foreclosure. If you are renting this property, the new property owner may either give you a new lease or rental agreement or provide you with a 90-day eviction notice. You may have a right to stay in your home for longer than 90 days. If you have a 􏰀xed-term lease, the new owner must honor the lease unless the new owner will occupy the property as a primary residence or in other limited circumstances. Also, in some cases and in some cities with a “just cause for eviction” law, you may not have to move at all. All rights and obligations under your lease or tenancy, including your obligation to pay rent, will continue after the foreclosure sale. You may wish to contact a lawyer or your local legal aid oce or housing counseling agency to discuss any rights you may have.
It is an infraction to tear down the notice within 72 hours of posting. Violators are subject to a ne of one hundred dollars.
Assembly Bill 3364 is codied in regard to this provision as Civil Code Section 2924.8.
Eective March 1, 2021.
New Laws 2021 35