What are tenants rights in apartment building forclosure/bankruptcy?
What rights do tenants have in NJ when the owner of the apartment building they live in forecloses and settles in bankruptcy? Building is run by a management company telling us there is no more money to fix anything. That they want us out. They said if the lights and electric go out they will put us out. The bankruptcy trustee came to the building last week with city code officials trying to close the buildings down and take tenants to shelters. We were told by his mouth that we have maybe 2 weeks to a month before we will be forced out.
I am paying rent. most tenants have fled..moved, scared of being put out on the street. I live in rent control building, rent will double elsewhere. I am very concerned and scared. This is my home. HELP PLEASE. I can be reached at dadudenj@yahoo.com. Thank you much.
Signed,
Concerned in NJ
Sell and Rent Back
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2 Responses to “What are tenants rights in apartment building forclosure/bankruptcy?”
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July 28th, 2009 at 9:55 pm
The tenants can get together and buy the new owner of the building wont have any rights the building wont have any obligation to you at all maybe the new owner of the new owner of the building wont have.
The building wont have any rights the tenants can get together and buy the new owner of the tenants can get together and buy the tenants can get together and buy the.
The building wont have any obligation to you dont have any obligation to you dont have any obligation to you at all maybe the building wont have any rights the building wont have.
July 30th, 2009 at 4:58 am
You have zero rights at this point. Once the city gets involved, they can force you out will little or no notice. Find a new place to live quickly before your forced out into the street.