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In the early months of the recession, renters were evicted with little notice due to landlords foreclosing on properties. However, in May 2009, the Protecting Tenants at Foreclosure Act was passed. This law required "new owners to provide at least 90 days notice to vacate and to honor the terms of any existing leases." [18]
The landlord must give the tenant reasonable notice before he can enter the tenant's private home. Originally, in an agricultural society, the law expected the landlord to rent the property to a tenant and then leave the tenant alone. It gave the landlord no right of access, but also no responsibility for repairs.
If the tenant is on a fixed term tenancy and their lease is coming to an end, a landlord will be required to give them a valid notice to vacate. The period of this notice varies from state to state. If the tenant will not cooperate with the parameters of an eviction notice, application is made to the Tenancy Tribunal for possession of the property.
Title: Exhibit 4 Author: gshapiro Created Date: 1/12/2010 10:38:31 AM
Vacant possession refers to the typical condition in which a seller must hand over a property to a buyer upon completion, or a tenant must return the property to a landlord at the end of a lease. In simple terms, it means that the rightful person, such as a buyer or a landlord, can peacefully and fully utilize the property.
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