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NC Foreclosure after renting

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  • NC Foreclosure after renting

    I have a friend in NC that just leased a home, paid the 1st month and deposit. Now before moving on they find out the home is being foreclosed, what is their rights?

  • #2
    First step, read the lease. It should have language about early termination of the lease by either party.
    Second step, talk to the landlord. See if an arrangement can be worked out.
    Third step, he could sue the landlord for a portion of the rent (e.g. 15 of 30 days) and the return of the deposit (assuming the property is in the state it was delivered at the time of rental).
    If there is no lease, he can try suing but then it is a fifty-fifty option.

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