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2011 SESSION

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SB 1220 Va. Residential Landlord Tenant Act; landlord to provide notice to tenant in event of foreclosure.

Introduced by: George L. Barker | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Landlord and Tenant Law; notice to tenant in event of foreclosure.  Provides that if a landlord fails to notify the tenant of a notice of mortgage acceleration, or notice of foreclosure sale relative to the loan on the dwelling unit, then the tenant has the right to terminate the rental agreement upon written notice to the landlord at least five business days prior to the effective date of termination. In addition, the bill requires a landlord to disclose in writing to any prospective tenant if he has received any notice of mortgage default, notice of mortgage acceleration, or notice of foreclosure sale relative to the loan on the dwelling unit.


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