What happens if my landlord cannot pay their mortgage?
If, in the failure to pay their mortgage on the rental property, a landlord’s property is repossessed by the mortgage lender, the tenant may still continue to occupy the property as per the terms in the tenancy agreement. However, the tenant must pay their rent to the receiver appointed by the mortgage lender rather than the landlord.
This issue will come into play only when the property is being possessed by the mortgage lenders, not when the mortgage is simply in arrears.
For more information on a landlord’s requirements to their tenants, click here.
Phil Thompson, Sales Director.
I get asked by South County Dublin Home Sellers how to get the best price for their home all the time!
So, if you are struggling to know what your home could achieve in the market right now and would like some clarity, fill out the form below for a 10-minute call.
What Phil’s happy customers say …
“…which literally added tens of thousands to the price achieved“
– RICHARD CULLEN
“We achieved a sale price far in excess of what we expected“
– CIAN O’HERLIHY
“… helping us achieve the best possible result for the sale“
– JOSEPH CADDEN
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