New Renters Be Careful of The Month-to-Month Tenancy
With the condition of the housing market and over all state of the economy, more and more people are renting homes and apartments. A number of them are former homeowners, who may have never rented as an occupant before. The month-to-month tenancy is a great concept for tenants who do not want to be locked into a long-term lease. They want to be able to leave when it is convenient for them. Before the collapse of our economy, landlords were content with such an arrangement and were happy to fill their vacancies, even if only for a short-term basis. As long as a tenant paid the rent timely, a landlord was happy with the tenant staying as long as the tenant wanted.
Well times have change. People fleeing their homes because of short sales and foreclosures are becoming the new renters. And now it is the landlord and not the tenant who is demanding a month-to-month tenancy. If you find yourself in such a situation as a new renter, you may have to leave a lot sooner than you think. With more and more frequency I am receiving calls from clients who find themselves in this precise predicament after learning that the home they are renting is in foreclosure and that the landlord isn’t paying his or her own mortgage. Because of the nature of a month-to-month tenancy, the landlord has the right (just as you do) to serve a 30-day notice.
If you as a renter are presented with an offer by a landlord to enter into a month-to-month tenancy, it is important for you to find out why the landlord is making such an offer. I suggest that you ask the landlord whether the home you are renting is in foreclosure and whether the landlord is current with his or her mortgage obligations. Better yet, the landlord should make this representation in writing.
The last thing that you want to be involved in after losing your own home is being evicted from your new rental because your landlord is not making his mortgage payments. As I said at the outset, month-to-month renter, be careful.
For all of your business, personal and family law needs- contact the Law Offices of Richard A. Marcus at 661-257-8877.
ADVERTISE WITH US
51st Annual Frontier Toyota Henry Mayo Golf Classic Tee Up For A Good Time
Henry Mayo Newhall Hospital’s signature fundraising event is in full swing, we look forward to seeing everyone on Saturday, May 11th! The 51st Annual Frontier Toyota Henry Mayo Golf Classic will be held at the beautiful Valencia Country Club Our Golf Classic benefits...
Travel the World in 2024 with “Celebrate” Journey to New Destinations Monthly at the Canyon Country Community Center
There is so much to learn from different customs and cultures and you don’t need a plane ticket to experience it all. The Celebrate event series is back for its anticipated third year and offers insights into unique destinations from around the world. Every...
Monthly Message from Mayor Cameron Smyth Buckle up for the 2024 Cowboy Festival!
The aroma of savory barbecue wafting through the air, the joy of line dancing with friends and the chance to travel back in time to the Wild West are all experiences that make the City of Santa Clarita Cowboy Festival so unique. April 20 marks the return of...
ABOUT THE MAGAZINE
Santa Clarita Magazine has set a high standard for excellence in advertising for over 34 years. A family owned and operated business, Santa Clarita Magazine has grown with the Santa Clarita Valley since 1990 and become the #1 place to advertise locally.
FOLLOW US
SANTA CLARITA MAGAZINE
PO Box 801570
Valencia Ca 91380
For Advertising information
Call or Text: 1 (661) 294-4444