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Updated over 6 years ago on . Most recent reply

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Paula D.
  • Flipper
  • Hobe Sound, FL
1
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4
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Urgent advice needed!

Paula D.
  • Flipper
  • Hobe Sound, FL
Posted

Would contact a RE lawyer about this, but given that it's weekend, I wanted to ask here first, since it's urgent:

We're in Los Angeles, in a single family NON RSO property. Have lived here 2.5 years. Everything in good standing, great relationship with our landlord. She decided to sell 2 weeks ago, the property has already sold, to a cash buyer. (We're assuming an investor) 

All of a sudden our landlord has offered to give us double our security deposit money back and 'the full 60 days'. Do we have a right to a relocation assistance fee, even though the property isn't in a rent controlled area? 

Most Popular Reply

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737
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Jonathan Taylor Smith
  • Rental Property Investor
  • Durham / Raleigh (Triangle), NC
698
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737
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Jonathan Taylor Smith
  • Rental Property Investor
  • Durham / Raleigh (Triangle), NC
Replied

I'm not familiar with CA law, but if lease is now month-to-month  (in most places), you have no right to the property beyond 30 days notice, so 60 days and double Security Deposit is VERY generous! Take it happily before they change their mind, as while I would also give 60 days notice in such a situation, I would certainly not give double security back.

  • Jonathan Taylor Smith
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Blue Chariot Realty & Management
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