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Real Estate
Reply to "evict occupants before I have the deed"
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[quote=Anonymous]What a weird thread. Just because this condo was bought in foreclosure doesn't mean the tenant is in violation of their lease - it is entirely possible the tenant is fully paid up on the lease and has some amount of time before the lease even expires in which case the new owner inherits that lease and its obligations. If the tenant is not in violation of the lease I presume the security deposit would be transferred to the new owner at closing or at least control of the escrow if that is where it is being held. OP said the property is in MD - I don't know anything about Landlord & Tenant Laws in MD but in DC if a tenant is paid up on their lease they are almost impossible to evict even if the tenant is well past the original terms of the lease. I'm betting Maryland has some pretty strong laws protecting tenants as well. I'm incredulous OP didn't investigate or think any of this through before committing to this purchase and is going to DCUM for advice.[/quote]
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