What are the rights of tenants in a foreclosure?

In Massachusetts, tenants have certain rights when their landlord faces foreclosure. These rights are outlined in the state’s Anti-Eviction Act. This act states that tenants in a foreclosure must be notified when their landlord receives a notice of foreclosure from the bank. The tenant must also be given a 90-day notice to vacate the property. If the tenant wants to remain in the property, they must negotiate a new lease with either the new owner or the bank. The Anti-Eviction Act also states that tenants cannot be evicted due to foreclosure proceedings. If the tenant remains in the property after the foreclosure, they cannot be evicted unless they have violated the terms of their lease. If the bank or new owner wants to evict the tenant, they must file a court action to have the tenant legally evicted. Additionally, the Anti-Eviction Act states that the tenant is still required to pay their rent even after foreclosure proceedings have been initiated. If the tenant fails to do so, they are still subject to eviction. Finally, the Act also states that the tenant is entitled to receive any security deposit they paid back following a foreclosure. In summary, tenants in Massachusetts have certain rights when dealing with a foreclosure. These rights include requiring a 90-day notice to vacate the property, being protected from eviction unless they have violated the terms of their lease, and being entitled to receive their security deposit back following a foreclosure.

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