Miami Rentals – Renters Will Benefit From New Law

for-rent-saleBefore President Obama signed the housing law last week, renters were often found being thrown out of a home when their landlord was foreclosed on.   Since Miami is almost ground zero for foreclosures, renters need to be cautious when renting in Miami and inform themselves of the protections that are buried in the new housing law.

  • Many homes and condos in Miami are currently listed on the MLS for both rent and sale.
  • Some of these are short sales which means the seller owes more money on the mortgage than the property is worth.
  • These properties often have owners who are experiencing financial difficulties.
  • If you rent one of these properties, the landlord does not have to use your rent to pay the mortgage and, in many cases doesn’t.
  • Have your Realtor check the tax rolls to see if there are currently any liens or lis pendens on the property.  Although no guarantee that your landlord will not be foreclosed on for the duration of your lease, at least you will know if they are already in the process.

Before the protections in the housing law were put into place, many tenants would find themselves out of a home with little savings to cover moving costs, which are usually first and last month’s rent plus one month’s rent for security deposit.  When the landlord is foreclosed on, there is little recourse for the renter to try to collect their deposit and last month’s rent since foreclosure terminates the lease.  New protections include:

  • Tenants with lease can stay in property for the remainder of the lease and 90 days thereafter.
  • Tenants without a lease (month-to-monthers) will have 90 days.

About The Author

Jennifer Wollmann


  1. flat belly August 20th, 2019 at 10:08:11 am

    … [Trackback]

    […] Read More to that Topic: […]

  2. Website Developer Denver CO August 15th, 2019 at 4:41:19 pm

    … [Trackback]

    […] There you will find 24262 additional Information to that Topic: […]

  3. Sky Dish Realign Edinburgh August 3rd, 2019 at 12:42:41 pm

    … [Trackback]

    […] Read More on that Topic: […]

  4. web July 29th, 2019 at 8:40:10 am

    … [Trackback]

    […] Find More here to that Topic: […]

  5. Matedipse July 26th, 2019 at 9:11:20 am

    Cialis Definition Best Price On Viagra 100mg Buy Prednisone 25 Mg cialis from canada Serevent Buy Lasix 40mg

  6. 서울출장안마 July 14th, 2019 at 6:19:26 pm

    … [Trackback]

    […] Find More Information here to that Topic: […]

  7. Matedipse July 10th, 2019 at 7:29:49 am

    Cephalexin And Effexor Buying Oral Ampicillin Cialis Original Gunstig Kaufen cheap cialis online Can You Puchase Prochlorperazine Online Canadian Pills Store

  8. official website July 3rd, 2019 at 5:38:36 pm

    … [Trackback]

    […] Find More Info here to that Topic: […]

  9. 호빠 June 27th, 2019 at 6:14:03 pm

    … [Trackback]

    […] Find More Info here on that Topic: […]

  10. Matedipse June 24th, 2019 at 4:08:06 am

    Buy Strong Viagra Uk 64 Viagra Original Rezept Cialis 20 Mg Consigli propecia crescina Blepharitis Keflex Or Minocyline

  11. Matedipse June 8th, 2019 at 6:23:41 am

    Viagra Lowest Price Canada Listino Propecia viagra Viagra Fa Ingrassare Vente De Amoxil Sans Ordonnance Nexium Discounts And Coupons

  12. Matedipse June 1st, 2019 at 7:03:27 am

    Generic Viagra Sold In Usa Online Comprar Viagra Generico Por Telefono No Prescription Cheapest Viagra 30 day sertraline paypal Is Keflex Stronger Than Amoxicillin

  13. รับทำเว็บไซต์ May 14th, 2019 at 1:41:22 am

    … [Trackback]

    […] Here you will find 86601 additional Information on that Topic: […]

  14. rénovation maison April 9th, 2019 at 3:46:31 am

    … [Trackback]

    […] Read More on on that Topic: […]

Leave A Comment

Affiliates & Brokerages