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• Landlord - Tenant
• Transfers 3.,
• Real Estate and Other Housing
• Foreclosure
• Foreclosure of Residential Residential Or Commercial Property
  
  Foreclosure of Residential Residential Or Commercial Property
  
  Topics on this page:
  
  Effect of Foreclosure Sale on Purchaser and Tenant Notice Required to Terminate Tenancy Notice of Foreclosure Action Notice of Impending Foreclosure Sale Prohibition of Nonjudicial Eviction Notice of Eviction Summary of Required Notices Collection of Rent
  
  Maryland law provides securities for renters when the residential or commercial property is foreclosed. This article explains the rights of purchasers and renters.
  
  Effect of Foreclosure Sale on Purchaser and Tenant
  
  The buyer at a mortgage foreclosure sale has the exact same rights and remedies versus the renters of the mortgagor (the tenants' original proprietor) as the mortgagor had, and the renters have the exact same rights and remedies versus the buyer as they had versus their initial landlord on the day the mortgage was recorded. So, where the lease predates the mortgage, a foreclosure sale will not end the lease. Where the tenancy started after the mortgage was tape-recorded, the tenants still have certain rights relating to alert of the foreclosure action, the foreclosure sale and any notice of expulsion. Read the Law: Md. Code, Real Residential Or Commercial Property § 7-105.8
  
  Notice Required to Terminate Tenancy
  
  Bone fide renters of house are entitled to a minimum of 90 days notification before termination of the tenancy. A lease or tenancy is thought about "authentic" only if the renter is not the kid, partner or moms and dad of the initial proprietor, the lease deal was made at arm's length (i.e., the lessor and lessee act separately), and the lease is not considerably less than fair market rent for the residential or commercial property (unless the system's lease is decreased or supported due to a federal, State, or regional aid). Read the Law: Md. Code, Real Residential Or Commercial Property § 7-105.8
  
  If the foreclosed residential or commercial property has not been acquired by an owner who will utilize the residential or commercial property as his main residence (an "owner-occupier"), the brand-new owner takes belongings of the residential or commercial property topic to any leases on the residential or commercial property and should allow the occupant to continue renting the residential or commercial property until the later of:
  
  - the end of the lease term, or
• 90 days from the date that notice of termination of the occupancy is provided to the renter.
  
  If an owner-occupier purchases the residential or commercial property, he can terminate the occupancy before completion of the lease term, but need to supply the occupant with a 90 day notification of termination. For renters who are no longer under a lease and leasing at-will or month-to-month, the brand-new residential or commercial property owner, whether an owner-occupier or not, must provide the tenant 90 days notification before the tenant needs to leave.
  
  NOTE: If the foreclosure sale was marketed as being subject to 1 or more tenancies, those leases are unaffected by the sale, other than the purchaser becomes the proprietor, as of the date of the sale.
  
  The required 90 day notification must:
  
  1. Remain in composing