Tenant Rights During Bankruptcy
Summary
In Pennsylvania, your lease remains valid even if your landlord declares bankruptcy. The new owner must honor your lease until it expires. If the new owner wants to use the property, they must provide a 90-day notice. Consult a local attorney for detailed advice.Full Conversation
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Hello ****, welcome to FreeLawChat. How can I assist you with your legal concerns today?
I have some concerns about my housing situation. I recently received an email from my landlord stating that they've lost the property due to bankruptcy, and I'm unsure about my rights as a tenant in this situation.
I'm currently renting a property, and my lease agreement is valid until September. With my landlord's bankruptcy, I'm worried about what this means for me as a tenant. I want to ensure that I understand my rights and what steps I should take next.
Hello ****, I understand your concern. The laws regarding tenant rights in a landlord's bankruptcy vary by location. Could you please tell me where you are located so I can provide the most accurate information?
Pennsylvania
Hello ****,
In Pennsylvania:
- Your lease remains valid even if your landlord declares bankruptcy.
- The new owner must honor your lease until it expires.
- If the new owner wants to use the property, they must provide a *-day notice.
Please consult a local attorney for detailed advice.