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How Long Can Tenants Stay After a Short Sale

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  • 03-01-2017, 01:03 PM
    lawfacts
    How Long Can Tenants Stay After a Short Sale
    If you are renting a home in New Jersey and it is sold in a short sale, how long can you remain in residence?
  • 03-01-2017, 01:55 PM
    Mr. Knowitall
    Re: How Long Can Tenants Stay After a Short Sale
    Although it is predicated upon the owner's financial distress, a short sale is no different than any other sale of the property -- the buyer takes the property subject to the lease. If the buyers want to terminate the tenancy, they may do so at the conclusion of the lease term or, for a month-to-month tenancy, by giving 30 days notice.
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