Topic: Real Estate, Mortgage
Industries: Real Estate
Tags: California Real Estate, San Diego Real Estate, Real Estate, Mortgage, House, Home
Publication: Housing Wire
Date: June 1, 2012
The California legislature passed another set of bills Thursday extending protections to tenants facing eviction.
The two bills (AB 2610 and SB 1473) are the latest of the Homeowner Bill of Rights package spearheaded by democrat lawmakers and California Attorney General Kamala Harris.
Under the bills, new owners of a rental property, who bought the home in foreclosure, must give tenants 90 days notice before starting an eviction and must honor any fixed-term leases entered into before the sale.
The federal Tenant Act granted similar protections originally set to expire at the end of 2012. The Dodd-Frank Act extended the legislation through 2014.