Q) I am renting my house on a one-year lease. I have been having trouble making the mortgage payments and the bank sent a "Notice of Default."
The tenant received a copy of this notice. The tenant is now claiming that she does not have to pay rent since I am in default. I will not be losing the house in foreclosure, as I will be making up the payments soon. Can she just stop paying rent?
A) As long as you own the house, your tenant must abide by the terms of the lease and pay you the rent. You should immediately issue a "Notice to Pay Rent or Quit" and proceed with an eviction, if the rent is not paid.
(Taken from Apartment Owners Association News; February 2009)
Thursday, March 26, 2009
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