Do I have to pay rent if my landlord is selling the house | How UNPAID Rent Leads to FORECLOSURE.
It’s crucial to understand the implications whether you’re a tenant or a landlord.
In this video, I discuss the responsibilities of tenants when their landlord decides to sell the property. Tenants often face confusion about rent obligations during a sale. Yes, you still have to pay rent even if the house is for sale on the market!
Paying rent is a fundamental responsibility for tenants, regardless of whether the landlord is selling the property. Understanding the broader impact of tenant-favorable laws helps highlight the need for fair regulations that protect both parties. If you’re a landlord facing financial difficulties or a tenant struggling with rent, it’s crucial to stay informed and seek solutions that can help navigate these challenging times.
In this video:
-Understanding Your Rent Obligations.
-The Broader Impact of Tenant-Favorable Laws.
-The Financial Reality for Landlords
-The Long-Term Effects on the Rental Market
Let’s delve into the broader impact of New York State laws that heavily favor tenants, often leaving landlords in tough situations. As a tenant, you might be struggling financially, but it’s important to recognize that landlords have their own expenses – mortgages, taxes, insurance, and more. We’ll explore how this imbalance can lead to fewer available rental properties, higher rents, and stricter tenant qualifications, impacting everyone in the long run.
I’ll share personal experiences and insights from both sides of the equation, examining how these laws affect landlords and tenants alike. Whether you’re a tenant wondering about your rights or a landlord facing potential foreclosure, this video is for you. Join the conversation, share your experiences, and let’s discuss how we can navigate these challenges together.
If you find this content helpful, please like, subscribe, and comment below. Let me know your thoughts, and don’t forget to share your stories and opinions on this critical issue. Your feedback is valuable as we aim to create a fairer system for everyone involved.
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Esphir Popilevsky
NY & NJ Licensed Real Estate Broker
Supreme Home Sales, Inc.
44 Robin Ct.
Staten island, NY 10309
917.579.4455
supremehomesales@gmail.com
https://www.supremehomesales.com
Subscribe to this channel https://www.youtube.com/c/EsphirPopilevsky
00:00 Introduction
00:18 Encountering the Question
00:50 New York State Laws and Their Impact
02:18 Financial Strain on Landlords
03:49 Consequences of Not Paying Rent
04:35 The Role of Legislation
05:20 Broader Market Impact
07:10 Future Implications
08:05 Call for Balanced Laws
08:55 Invitation to Share Experiences
09:20 Foreclosure Help
