Post: Tenant declaring Bankruptcy--what should I do?
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Posted by Crystal Archer on 4/03/07
Hi, My husband & I just bought a 3-unit house that we will
move into soon and rent out the other 2 units. We have
inherited tenants in one of the units, and the Fixed lease
expires May 31, 2007. We want to remodel and move into
their unit when they leave. They asked me if they can exted
until July, and I said no, but June shouldn't be a
problem--I just need to check with my husband and write up
an addendum.
Today, I received a letter saying their Bankruptcy Attorney
advised not to sign any documents. I was not aware of a
bankruptcy til now, and now I am worried that they can stay
in my home without paying.
If there is a "Stay(?)" put on their lease after filing
bankruptcy, can they stay after the lease expires? What do
I need to worry about? I will get an attorney tomorrow, but
I'm just really anxious now.
Thanks! -Crystal
Posts on this thread, including this one
- Tenant declaring Bankruptcy--what should I do?, 4/03/07, by Crystal Archer.
- Re: Tenant declaring Bankruptcy--what should I do?, 4/05/07, by Inland Empire Lawyer.