I have a rental property and in the process of doing a deed in lieu. My tenants want to know what will happen to them? Should they be looking for a place to live? They are all on a momth to month lease.
Oleathea, If your tenants are on a month-to-month lease, they should be looking. Since they have no written lease, no tenant rights apply. You may want to get a legal opinion on that from a Real Estate attorney, or you may want to ask your lender what they plan to do once the deed is transferred.